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UBS To Buy CS For $3 Billion As AT1 Bonds Get Wiped Out In Record Bail-In; Swiss Govt Grants CHF9BN Guarantee; SNB Offers $100 Billion Liquidity Backstop malterwitty Sun, 03/19/2023 - 17:52

Update (1500ET): We finally have a deal, and what was at first a CHF1 BN acquisition priceof Credit Suisse by UBS, which then rose to CHF 2 BN, has now cranked up one final time to CHF 3BN (US$3.25 billion), or 0.76 per share, specifically shareholders of Credit Suisse will receive 1 share in UBS for 22.48 shares in Credit Suisse. As part of the deal, the Swiss National Bank is offering a 100 billion-franc liquidity assistance to UBS while the government is granting a 9 billion-franc guarantee for potential losses from assets UBS is taking over, i.

My mom used a pressure cooker that was the terror of the household. It bounced around all over the counter and, unless the heat was applied and the pressure released with incredible care, it was like having a bomb in the kitchen. When I look at what the Democrats are doing in America, I am reminded of that pressure cooker. Their latest scheme is to arrest Trump even as they announce that they are doubling down on persecuting the almost entirely peaceful J6 protesters who unwittingly trespassed in the Capitol.

Michael Cohen, a former personal attorney for Donald Trump, said Sunday on MSNBC’s “Alex Witt Reports” that prosecutors from the Manhattan district attorney’s office convening a grand jury as part of a criminal probe into a 2016 hush money payment to porn star Stormy Daniels have asked him to come in Monday “as rebuttal witness.”

With former President Donald Trump insisting he’s going to be arrested as early as Tuesday, meetings have reportedly been held between city, state, and federal law enforcement agencies to prepare for mass protests or riots.

Donald Trump is claiming full innocence and isn't buying the narrative from some Republicans defending him by saying the alleged hush-money payments he made to Stormy Daniels are a 'misdemeanor' at best.

The former president said on Sunday that there 'was no crime ' and flipped the script on the Manhattan District Attorney's Office, demanding the Democratic prosecutors be investigated for 'interfering' with the presidential election.

Donald Trump announced on Saturday morning that he would be arrested on Tuesday, and the nation has been agog at the prospect of the Leftist establishment crossing the rubicon of arresting its principal opponent on flimsy charges and demonstrating before the entire world that the American republic is now the American banana republic, in which foes of the regime can expect the full weight of corrupt government authority pushing back against them for daring to dissen

US government bailout of Silicon Valley and banks is $300B gift to rich oligarchs MikeRivero Sun, 03/19/2023 - 15:30
Sheriff Reveals How Cartels Have Taken Over Rural California MikeRivero Sun, 03/19/2023 - 15:29
UBS To Buy CS For $3 Billion; SNB Offers $100 Billion Liquidity As UBS CDS Begin To Leak Wider MikeRivero Sun, 03/19/2023 - 15:26

Credit Suisse and UBS have entered into a merger agreement on Sunday following the intervention of the Swiss Federal Department of Finance, the Swiss National Bank and the Swiss Financial Market Supervisory Authority FINMA (FINMA). UBS will be the surviving entity upon closing of the merger transaction. Under the terms of the merger agreement all shareholders of Credit Suisse will receive 1 share in UBS for 22.48 shares in Credit Suisse.

Elon Musk Shines Light On Soros Connection To Trump Indictment MikeRivero Sun, 03/19/2023 - 15:22

Twitter CEO Elon Musk has weighed in on what many believe is the impending indictment of former President Donald trump by Manhattan District Attorney Alvin Bragg by shoving George Soros under the bus.

It came in response to a tweet by popular conservative Twitter commentator Catturd who said “Corrupt New York City District Attorney Alvin Bragg received $1 million from Soros in his election for NYC DA.”

Musk responded by basically laying out the game that Soros plays to effect policy in the United States.