10-02-2022, 11:09 AM
Once again, 14 years later, two "Too Big to Fail" Banks: Credit Suisse and Deutsche
<table> <tr><td> <a href="https://www.reddit.com/r/CryptoCurrency/comments/xtl4lw/once_again_14_years_later_two_too_big_to_fail/"> <img src="https://b.thumbs.redditmedia.com/hnNOFrHFvcNSzqycvzWIbRw1ftB7ClqAJD-7kzpKQgE.jpg" alt="Once again, 14 years later, two "Too Big to Fail" Banks: Credit Suisse and Deutsche Bank - Headed to the Same Level as in the 2008 Crisis" title="Once again, 14 years later, two "Too Big to Fail" Banks: Credit Suisse and Deutsche Bank - Headed to the Same Level as in the 2008 Crisis" /> </a> </td><td> <!-- SC_OFF --><div class="md"><p>The Credit Suisse stocks are currently falling harder and faster than in 2008 when we saw a major crash within the Banking System, as you all remember the infamous financial crisis that hit the world in 2008 with the collapse of Lehman Brothers. </p> <p>Right now, The Default insurance (CDS) on Credit Suisse is approaching same level as during the collapse of Lehman Brothers: </p> <p>​</p> <p><a href="https://preview.redd.it/y7xp6m7x7dr91.jpg?width=927&format=pjpg&auto=webp&s=ebc06d1f27e34a301fc87d0fb2c2878ba3045ff2">https://preview.redd.it/y7xp6m7x7dr91.jpg?width=927&format=pjpg&auto=webp&s=ebc06d1f27e34a301fc87d0fb2c2878ba3045ff2</a></p> <p>The stock price is tanking pretty hard as <strong>shares are down over 50% this year and are on track for their worst yearly performance since 2008.</strong></p> <p>Credit Suisse is not the only one that is experiencing this. Deutsche Bank is also tanking very hard right now and this is a great indication that we are close to a new 2008 type of financial meltdown and crisis. </p> <p>There are so many market indicators that we are heading towards a major financial crisis: </p> <p>​</p> <p><a href="https://preview.redd.it/9hxnxiur8dr91.jpg?width=748&format=pjpg&auto=webp&s=a4ab7ffc5f774661e1be5a678d0d1ebc1b51ad73">Credit Suisse and Deutsche Bank performance since 2003</a></p> <p>Tomorrow, Monday, will be a very stressful day for these two Banks, especially for Credit Suisse and we might expect a volatile trading day. What is also very important to say is that the Federal Reserve (FED) is going to have a closed board meeting on October 3, 2022 regarding the current situation of these two banks and this could indicate a very rough and volatile week in the market. </p> <p>It seems like that history is repeating itself, and as such, Satoshi and Bitcoin serve as a perfect reminder why it's even existing. Therefore, I would like to finish this report with a the good old hidden message from the Genesis block that was revealed in 2009: </p> <p><strong>“The Times 03/Jan/2009 Chancellor on brink of second bailout for banks”</strong></p> <p>We might not be far away of a third one how things are going lately...</p> </div><!-- SC_ON --> submitted by <a href="https://www.reddit.com/user/vjeva"> /u/vjeva </a> <br/> <span><a href="https://www.reddit.com/r/CryptoCurrency/comments/xtl4lw/once_again_14_years_later_two_too_big_to_fail/">[link]</a></span> <span><a href="https://www.reddit.com/r/CryptoCurrency/comments/xtl4lw/once_again_14_years_later_two_too_big_to_fail/">[comments]</a></span> </td></tr></table>
<table> <tr><td> <a href="https://www.reddit.com/r/CryptoCurrency/comments/xtl4lw/once_again_14_years_later_two_too_big_to_fail/"> <img src="https://b.thumbs.redditmedia.com/hnNOFrHFvcNSzqycvzWIbRw1ftB7ClqAJD-7kzpKQgE.jpg" alt="Once again, 14 years later, two "Too Big to Fail" Banks: Credit Suisse and Deutsche Bank - Headed to the Same Level as in the 2008 Crisis" title="Once again, 14 years later, two "Too Big to Fail" Banks: Credit Suisse and Deutsche Bank - Headed to the Same Level as in the 2008 Crisis" /> </a> </td><td> <!-- SC_OFF --><div class="md"><p>The Credit Suisse stocks are currently falling harder and faster than in 2008 when we saw a major crash within the Banking System, as you all remember the infamous financial crisis that hit the world in 2008 with the collapse of Lehman Brothers. </p> <p>Right now, The Default insurance (CDS) on Credit Suisse is approaching same level as during the collapse of Lehman Brothers: </p> <p>​</p> <p><a href="https://preview.redd.it/y7xp6m7x7dr91.jpg?width=927&format=pjpg&auto=webp&s=ebc06d1f27e34a301fc87d0fb2c2878ba3045ff2">https://preview.redd.it/y7xp6m7x7dr91.jpg?width=927&format=pjpg&auto=webp&s=ebc06d1f27e34a301fc87d0fb2c2878ba3045ff2</a></p> <p>The stock price is tanking pretty hard as <strong>shares are down over 50% this year and are on track for their worst yearly performance since 2008.</strong></p> <p>Credit Suisse is not the only one that is experiencing this. Deutsche Bank is also tanking very hard right now and this is a great indication that we are close to a new 2008 type of financial meltdown and crisis. </p> <p>There are so many market indicators that we are heading towards a major financial crisis: </p> <p>​</p> <p><a href="https://preview.redd.it/9hxnxiur8dr91.jpg?width=748&format=pjpg&auto=webp&s=a4ab7ffc5f774661e1be5a678d0d1ebc1b51ad73">Credit Suisse and Deutsche Bank performance since 2003</a></p> <p>Tomorrow, Monday, will be a very stressful day for these two Banks, especially for Credit Suisse and we might expect a volatile trading day. What is also very important to say is that the Federal Reserve (FED) is going to have a closed board meeting on October 3, 2022 regarding the current situation of these two banks and this could indicate a very rough and volatile week in the market. </p> <p>It seems like that history is repeating itself, and as such, Satoshi and Bitcoin serve as a perfect reminder why it's even existing. Therefore, I would like to finish this report with a the good old hidden message from the Genesis block that was revealed in 2009: </p> <p><strong>“The Times 03/Jan/2009 Chancellor on brink of second bailout for banks”</strong></p> <p>We might not be far away of a third one how things are going lately...</p> </div><!-- SC_ON --> submitted by <a href="https://www.reddit.com/user/vjeva"> /u/vjeva </a> <br/> <span><a href="https://www.reddit.com/r/CryptoCurrency/comments/xtl4lw/once_again_14_years_later_two_too_big_to_fail/">[link]</a></span> <span><a href="https://www.reddit.com/r/CryptoCurrency/comments/xtl4lw/once_again_14_years_later_two_too_big_to_fail/">[comments]</a></span> </td></tr></table>