Credit Suisse. A Scrapyard Rescue Justin Sun Couldn't Miss...

Credit Suisse Group AG, "a global investment bank and financial services firm founded and based in Switzerland" that once had 1.512 trillion CHF worth of assets under management is up for grabs today. UBS announced earlier this Sunday that it is biding $1 billion for Credit Suisse.

And that was all Justin Sun needed to announce on Twitter his generous offer of $1.5 billion for acquiring the damn bank. Man, this 32-year-old Chinese motherfucker looking like he just hit puberty has some money in his pocket. I wonder how did he get all that money, allowing him to play with billions like that?...

Could he be "a tentacle" of Jack Ma in the West?! Maybe, we don't know, all we know is that he likes to show off and he oftentimes finds himself getting into crappy deals, like buying Steemit, or paying millions to dine with Warren Buffet. What a retard...

UBS's bid for CreditSuisse falls short. I would like to propose my own offer of $1.5 billion to acquire Credit Suisse and integrate it into the Web3.0 world. Switzerland has been one of the most crypto-friendly countries in the world.
source

This is the official tweet thru which the might all mighty Sunny boy showed his interest to buy a collapsing Swiss bank. Good luck, boy! But, why the heck wouldn't you use that $1.5 billion to buy Bitcoin instead? And use that for the purpose it was designed for... Or even better, if WEB3 is what passions you so much why not spend $1.5 billion on some related projects and push mass adoption for these.

But please, stay away from Hive. Like galaxies away from it. We don't want you here. Time to get serious now...

Despite the "generous offers" that popped out of nowhere from UBS and Justin Sun to acquire CS, it seems that the damn bank shall be nationalized after all... If the SCB(Swiss Central Bank) is providing liquidity lately why the hell wouldn't they integrate it as a whole?

It's happening, guys. As mentioned in some of my posts lately the trend is clear, big banks are after the small banks and central banks are after the big banks. This is how you centralize control over the issuance, spending, and crediting of money in the world.

Swiss National Bank provides substantial liquidity assistance to support UBS takeover of Credit Suisse

UBS today announced the takeover of Credit Suisse. This takeover was made possible with the support of the Swiss federal government, the Swiss Financial Market Supervisory Authority FINMA and the Swiss National Bank.

With the takeover of Credit Suisse by UBS, a solution has been found to secure financial stability and protect the Swiss economy in this exceptional situation.

This one came out this morning thru an article by Zerohedge and the article got continuously updated, as the situation of the CS takeover changed... In the latest update of the post, it was made public that: "the country is considering either taking over the bank in full or holding a significant equity stake if a takeover by UBS Group AG falls apart because of the complexities in arranging the deal and the short time frame involved".

Welcome to communism dear Swiss people, where everything belongs to the state and the only thing that you are left with is the right to work and pay taxes.

Meanwhile, Bitcoin is doing exactly what is supposed to do, just one year before the next halving, and that's pumping like there's no tomorrow. BTC "conquered $28k today" and who knows what it has in plans for tomorrow. I am reserved in making forecasts lately for the price of BTC but $40k looks achievable this year. Oh, and before I close the post and hit the shower I will leave you with some of the most bullish news that came out for Bitcoin today.

Starting from June 1st, Hong Kong will officially allow all retail investors to invest in large cap cryptocurrencies
Cryptocurrency investing will become fully legal for all of Hong Kong citizens
source

Eat dirt, US ;)...

Thanks for your attention,
Adrian

Posted Using LeoFinance ^Beta