Template:Disaster roll - Credit Suisse: Difference between revisions

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[[Credit Suisse]] || Switzerland || Gradual decline into entropy with a 92% decline in share price since 2015 || Hubris, incompetent management, stupidity, spying, uselessness || Billions and billions over a series of avoidable cockups || Like the old man in Monty Python and the Holy Grail, “I’m not dead. I think I’m going for a walk. I feel happy.” Market (to SNB): “Isn’t there anything you can do?”
[[Credit Suisse]] || Switzerland || Gradual decline into entropy with a 92% decline in share price since 2015. || Hubris, widespread incompetence, stupidity, spying, uselessness. || Billions and billions over a series of avoidable cockups. || Like the old man in Monty Python and the Holy Grail, “I’m not dead. I think I’m going for a walk. I feel happy.” Market (to SNB): “Isn’t there anything you can do?”|| It is not, yet, a crime to make a series of howling cockups<ref>except where the individual cockups were themselves criminal of course</ref> over a credulity-defying period any more than it is a crime to not read an [[AT1]] [[prospectus]]. Reputations damaged for ever, but alas no porridge, however richly deserved it may seem.

Latest revision as of 11:15, 5 September 2023

Credit Suisse || Switzerland || Gradual decline into entropy with a 92% decline in share price since 2015. || Hubris, widespread incompetence, stupidity, spying, uselessness. || Billions and billions over a series of avoidable cockups. || Like the old man in Monty Python and the Holy Grail, “I’m not dead. I think I’m going for a walk. I feel happy.” Market (to SNB): “Isn’t there anything you can do?”|| It is not, yet, a crime to make a series of howling cockups[1] over a credulity-defying period any more than it is a crime to not read an AT1 prospectus. Reputations damaged for ever, but alas no porridge, however richly deserved it may seem.

  1. ↑ except where the individual cockups were themselves criminal of course
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