
Ep 389. Interest Rate Hike, Credit Suisse’s Failure, and Other Banking + Economic Risks on the Horizon
Focused Compounding
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The Impact of Credit Suites on Switzerland's Banking Sector
I have a suspicion that what credit suites did is they took some stuff that's really investment banking and shoved it in a different part of the bank. I don't know that, but there's some footnotes and stuff that make me think that. They were doing a lot of restructuring stuff. And so I think they're doing some taking some losses that this helped with that. This is why you want a lot of banks and a lot of diversity and stuff. But it's a problem in some places. Most countries don't allow other countries to come in and buy their banks or stuff.
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