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Breaking Points with Krystal and Saagar
3/20/23: Is Trump's Arrest Imminent?/MAGA Rages At Desantis/Credit Suisse Rescued/ Putin Tours Ukraine Warzone/Iraq 20 year Anniversary/Anti-Lab Leak Propaganda/Jon Stewart KO's Larry Summers
Mar 20, 2023
01:46:45
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The podcast features legal expert Bradley Moss as they discuss Trump's claims of imminent arrest, MAGA demanding DeSantis block Trump's arrest, Credit Suisse's rescue, Putin touring Ukraine, the 20 year anniversary of Iraq, anti-lab leak propaganda, and Jon Stewart's interview with Larry Summers on socialism for the rich.
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Quick takeaways
- Credit Suisse is acquired by UBS in a $3.3 billion deal to resolve ongoing financial turmoil and ensure stability in the banking sector.
- Not all banks faced the same level of need for emergency funds during recent financial turmoil, with the majority of borrowing concentrated among just three banks.
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Credit Suisse purchased by UBS in $3.3 billion deal to address crisis
Credit Suisse, a major bank, has been purchased by UBS in a $3.3 billion deal in an effort to resolve the ongoing crisis. The Swiss government has provided support to backstop potential losses and ensure stability. This comes after Credit Suisse experienced financial turmoil and faced concerns about its liquidity. The acquisition aims to address the worsening confidence crisis and alleviate concerns in the banking sector.
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