this seems like a slow bleed. but remember, we have been watching this unfold for over a year, following it step by step. in the very near future when the morning shows, and the local news, and the politicians start talking about the market crash, people will say; "it was so sudden". The bottom is a LONG way down from here. The big boys are just quietly getting out of the pool after shitting in it.
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This news also comes as
I saw this tweet today :
Don't forget no margin requirements for swaps new rules as of November. May reduce their risk value.
Credit Suisse downgraded by Fitch, move follows S&P
🙏
Probably nothing 🌶🌶🌶🚀🚀🚀
Thanks!
Oh hey look! The rating houses are finally marking things appropriately. Which scene are we on now?
Uhhhhh the one where the banks start calling Burry back
👀
I'm jacked. I AM JACKED TO THE TITS 📞
This is huge - there would have been mega pressure on Fitch to not downgrade, let alone downgrading the second time this week.
The downgrades were from 2 different ratings agencies, not the same one downgrading twice.
I wonder how much of this is from an "outsider" perspective but really wonder if it's like a IYKYK
I literally just said "oh shit" aloud at the table at trivia.
The final nail in the coffin will be Cramer talking about their healthy balance sheet 😂
Don’t ratings hugely fuck the interest rates at banks?
Later Lehmam
I see BCG made it's way into credit suisse as well
I can’t hardly believe that...... /s
If Fitch says it's BBB then it's probably way worse than that.
mos definitely
Catdog shit lolz
wrapped in owl turds
Guano bowls! Collect the whole set.
BBB+ seems a little high?
Wen FFF-?
That's still too high, I'll wait for zzz...
💎 🙌🏼 🏴☠️
for now
BBB+ ? Wasn't that like the bottom of the Jenga tower? The dogsh*t wrapped in catsh*t?
BBB+ is considered to be the top of the middle grade of investment ratings.
ooo maybe?
their upkeep just got a whole lot more expensive
And the rates haven’t kicked on yet
Wake me up when it's a "D"
DD for me
What did Abercrombie have to say?
With the bank already in catshit territory, whose gonna try to wrap it in dogshit?
dogshit turducken
CS was decided to be bagholdery like Lehmann. Shortez Cartel came together and made sure of it while gangbangin Hwang’s portfolio.
link to the post from you last may/June?
And yet they went green yesterday.
always has been
So glad I managed to get some good friends of mine out of that shitty bank months ago.
I bet those triple B's are more like B's...
those B's are more like double D's
I wonder what kind of dirt they are holding to justify this rating.
archegos bag holding and other shit ?
What rating is dog shit wrapped in cat shit ?
prob BBB+
Moarrr!
My tits are jacked already…
this seems like a slow bleed. but remember, we have been watching this unfold for over a year, following it step by step. in the very near future when the morning shows, and the local news, and the politicians start talking about the market crash, people will say; "it was so sudden". The bottom is a LONG way down from here. The big boys are just quietly getting out of the pool after shitting in it.