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Sean Foo: The Fall of Credit Suisse, Bondholders Wiped out, $17 Billion Now Worthless

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Sean Foo
Mar 21, 2023

Credit Suisse has fallen with UBS agreeing to buy the bank in a shocking takeover. Not only did they get a cheap deal, but the bondholders of Credit Suisse’s high-risk debt were also wiped out. $17 billion is now worthless! Here’s what you must know about the Credit Suisse bailout and how the banking crisis likely isn’t over yet.

https://www.youtube.com/watch?v=w7LLzPIL-vg

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