They're trying to instil confidence in the markets but for me personally this does the exact opposite.
It was rushed through late on a Sunday night, certain laws were ignored to expedite it, UBS asked for backstops from the SNB, the final price was a huge discount.
UBS seemed to be a reluctant buyer and Credit Suisse seemed to be willing to sell to anyone for anything.
The whole thing just seems fishy.
What are your thoughts?
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