We have entered the most lethal financial crisis since 1930; UBS Offers ONE BILLION for Credit Suisse

We have entered the most lethal financial crisis since 1930; UBS Offers ONE BILLION for Credit Suisse

For all of the various reasons that have led us to this lethal juncture, central banks are now doing now the EXACT opposite of what they did in 2008. They are tightening into a burgeoning credit crisis. Look:

Meanwhile, UBS just offered to acquire Credit Suisse, for $1 billion. This means that $CS shareholders would be paid $0.27 per share. An 87% DISCOUNT to the $2.01 closing price on Friday. This is either the biggest lowball offer of all time or Credit Suisse is in serious trouble.

Yesterday, UBS wanted to bypass a shareholder vote in this acquisition. Both the US and Swiss government are working to get this deal done. It seems that regulators and UBS know something that we don’t.

 

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