America's Bank Bailout Regime

3 years ago by heveysetter to c/conservativesocialism

In mid-March, in response to a global financial panic, Swiss regulators forced UBS, a huge Swiss Bank, to purchase Credit Suisse, another huge Swiss Bank. This action created just one huge Swiss bank, with no serious competitors. It’s not good for a nation that prides itself on its financial system to have just one massive […]
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