5min chapter

The Compound and Friends cover image

Yes, This Is a Bailout of Credit Suisse

The Compound and Friends

CHAPTER

Is UBS More Powerful Than the Swiss Government?

The combined entity here is going to have $5 trillion in assets or six times the annual GDP of Switzerland. Does this get to a point where UBS is more powerful than the Swiss government? Certainly it'll be larger. Going forward, I think it means only bad things for Swiss society.

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