Financial Portfolio Shooter: UBS/Credit Suisse merger just wiped out $17 Billion in bank bonds, including $1 Billion held/owed to the Saudis. The type of bond is a risky, quick way to raise cash for banks. Oops! - Kotaku In Action 2 - The Official Gamergate Forum

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Financial Portfolio Shooter: UBS/Credit Suisse merger just wiped out $17 Billion in bank bonds, including $1 Billion held/owed to the Saudis. The type of bond is a risky, quick way to raise cash for banks. Oops! (archive.ph)

posted 1 year ago by GeneralBoobs 1 year ago by GeneralBoobs +20 / -0

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– Piroko 8 points 1 year ago +9 / -1

A bond that converts to equity when capital levels drop.

That's like, not a bond at all, it's a license for companies to perform badly and get away with it.

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– GeneralBoobs [S] 6 points 1 year ago +6 / -0

Stop noticing the hand reaching into your pocket and pay attention to the person distracting you, damn it!

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