yup. My bet is on UBS and CS continuing to spiral first
UBS was "suggested" to bail out cred S offered 1B ....2B...3.2B
then natl swiss bank stepped in and said they'd back UBS
why because they all looked under the hood of CS and UBS and said UBS can't even PRETEND to bail out CS, it would be like catching a falling piano.
and every one of these banks using options (derivitives) have quadrillions, yes, quadrillions in play. 17 times the GDP of earth.
so we saw a band aid...at best.
in 6-9 months ISDA rules phase 6 step in, where the rest of the globe when the USA banks (and hedge funds) come for loans in their set up foreign branches, the hope is the other countries, which USA hedge funds have ripped off, say "no way"
no new "fake" collateral loans, no new strength to keep shorting real valuable companies and predatorily short. brokers, banks, hedge funds. two aren't going to take the pipe to save one. brokers will either recall their synthetic shares once the 100% cost to borrow won't work, or banks will margin call the hedge funds wanting the money they lent to them back, or hedge funds that can cover and survive, will cover and during the collapse buy up the destroyed for pennies on the dollar. doesn't matter much to me as long as there is chaos for the three.
so I'm going with the collapse fo the swiss economy before deutsche bank. and in the USA....well I WANT JP morgan chase to be first....but I'm thinking you'll start to see midwest smaller banking chains collapse....wells fargo? 5/3rd bank?
the bailouts also will get fewer too. too many upset americans watching the bailout happen without even approval from congress.
other black swans for the bad guys are tiktok maybe being banned (susquehanna is long on tiktok) gold and silver squeezing , and movie stock possibly being cash flow positive next earnings.
all this maybe congress needs a win, so they move to legalize MJ.
I am hoping that this white swan for UBQU even tho UBQU isn't THC capable, will allow the market makerss who I believe hold 50% or more of the float to see this as their opportunity to turn this "real" company into a collateral pump, along with the hundreds of other penny MJ companies I'm sure they hold.
