Credit Suisse - 2022's Latest 'Lehman Brothers Moment'
338,558
Published 2022-10-07
DISCLAIMER: I do not hold a position in Credit Suisse.
This channel is for education purposes only and does not constitute financial advice - Richard is not responsible for investment actions taken by viewers. Please seek out a registered advisor if you require assistance (while Richard is a registered portfolio manager at WDS Investment Management, he does not provide advice through The Plain Bagel, which is not affiliated with his employer).
All Comments (21)
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I think it's an absolute meme that one of the chairmen of Credit Suisse has the last name Lehman.
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Your channel is such a rarity in the economics/investment part of youtube because: - You don't tell people what to do. - You don't tell people what to believe. - You don't presume to know everything. And for this I thank you, because It feels that all ancient era street preachers got reincarnated into investment channel youtubers and crypto bros.
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Financial scandals just won't be the same without Credit Suisse 😥
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That moment when he mentions regional banks are subject to less stringent regulations than major ones and can take more risk... ...yeah that part aged very well
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this will age well in a couple of days
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I love how in the past ten months, whenever the guys over at r/WallStreetBets were going apeshit and I was like "what the hell is it now?", 'round about 72 hours later you came up with a video saying "so it's nowhere near as messed up as you hear online, but it's fascinating, here's what's happened". Absolute delight mate, keep it up!
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Richard is the voice of reason as usual.
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When the video legitimately ages well
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This dude is a fucking Wizard 🧙♀️
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I thought the title was a typo, until I realised this was the algorithm blowing this up a year later! Credit Suisse still can't seem to keep their hands clean.
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I'd love to see an update to this. Thank you for the great info.
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Credit Suisse reminds me of the Hans Solo line "Uh, we had a slight ... malfunction, but uh... everything's perfectly all right now. We're fine. We're all fine here now, thank you. How are you"?
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who's here today max short ?
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Age like fine wine
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When are you actually going to start talking about bagels ?
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A LOT of peeps waiting for this one to drop. Plz make things less crazy and more boring. You are the king at that! In a good way!
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I think that these videos of your take on the finance and economics events are way better than any MBA or a master degree for people, especially for those who don't have a background in economics/finance like an engineers or doctors. I profoundly appreciate these videos and your time, in fact for each video I pull out a pen and paper I start to write the key points that you're talking about. Please keep up the good work.
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Thanks for explaining this in a way I could understand. I appreciate it! I am also grateful that you went into detail on the history of the bank without glossing over the trouble it has been known to have in the past.
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Just wanted to commend to say how much I appreciate these videos! For someone like me to understand this stuff normally wouldnt be possible. Keep up the excellent quality!!
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"If you've heard of Credit Suisse before and live outside of Switzerland, it's probably been for mostly bad reasons." To be fair, I live in Switzerland and when I hear about CS, it's usually for the same bad reasons lol.
