EWI has commented that the solution to companies with too much debt (25% of russell 2000 stocks cannot meet debt payments) is
sure enough, more debt
that thought crossed my mind in reading on yahoo finance, goldman heightens chances of recession and specifically how CS is saved
that's great if the swiss central bank is now a shareolder in CS and CS does not have to re pay the loan, otherwise I don't see how this works
this is the sort of thing I want too mention in the upcoming podcast, Bob went out of his way to to make this point in the llast few EWT
has anyone ever paid off a $54 B loan?
dennis
Credit Suisse (CS) shares have seen two days of extreme volatility on rising fears of its survival. The investment bank said late Wednesday it would borrow up to $54 billion from the Swiss central bank to shore up investor confidence.
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