US intervention was Credit Sussie's dagger to the heart

From KC Korfmann, Herrliberg, Switzerland.

Bank had many problems but three were critical and mentioned in the article.

FIRST:

CS. suffered from bad management from supervisory board.

SECOND:

Swiss regulatory authorities ( FINMA, SNB.) were too lax with the bank: they highlighted weakness but followup and eventual penalties for non implementation of remedial action were weak or non existent.

THIRD:

US policy makers and Regulators had hand in the demise of CS in two ways:

1. In disregarding Swiss neutrality they imposed sanctions on business with Chinese clients, who were main source of deposits withdrawal, initially.

2. By Announcing an investigation in the Bank's prior year financial year statement a year too late, when the Bank's new management team was already struggling, the announcement served as a dagger to the heart.

Comments

🔥 Gaza and the Grammar of Death: Achille Mbembe’s Necropolitics in the Age of Engineered Survival

By Malik Mukhtar (Full-Length Version with Mbembe Quotations) There are historical moments when the ordinary vocabulary of violence collapses . When “ conflict ,” “ occupation ,” and “ security ” no longer carry the weight required to explain what is unfolding before our eyes. Gaza is one such moment — a rupture in the moral architecture of the present. It is not simply a battlefield. It is an experiment in state-administered dying , in what Achille Mbembe named necropolitic s — the transformation of political power into the authority to dictate who may live and who must die. In Necropolitics (2003), Mbembe writes: “ The ultimate expression of sovereignty resides… in the power and the capacity to dictate who may live and who must die.” — Achille Mbembe, Necropolitics For Gaza, this is not theory. This is the daily grammar of existence. My book, Calculus of Survival: Necropolitics, Siege, and the Deionization of Life in Gaza , is situated squarely within this reality —...

The Leak That Broke the Mirror: Israel’s Moral Collapse at Sde Teiman

n R It was not the torture that shocked Israel. It was the fact that someone leaked it. Welcome to Sde Teiman — the desert detention camp that became a mirror to Israel’s moral decay, and to the world’s selective blindness. The Scene of the Crime The story begins, like most horror stories do these days, with a camera. On July 5, 2024, security footage inside the Sde Teiman military base caught what it was never meant to record: a Palestinian prisoner, blindfolded, bound, and dragged across the floor by Israeli soldiers. Moments later, the soldiers raised shields to block the camera — and behind that human wall, the real Israel revealed itself. When the shields dropped , the man lay broken: seven fractured ribs, a punctured lung, and a torn rectum so severe it required surgery and a colostomy. The anatomy of cruelty was complete. The Scandal That Wasn’t You would think such a crime would set off national outrage. But in Israel’s political universe , torture is an...

The Politicization of Antisemitism: Randy Fine, AIPAC, and the Fight Over Anti-Israel Speech

Randy Fine. Brief introduction of Randy Fine. Randy Fine is a U.S. Representative-Elect for Florida's 6th Congressional District and a former Florida State Senator . Born on April 20, 1974, in Tucson , Arizona , Fine holds degrees from Harvard College and Harvard Business School . He began his political career in 2016 as a member of the Florida House of Representatives and later served in the Florida Senate. Fine is known for his strong pro-Israel stance, earning him the nickname " Hebrew Hammer, " and his socially conservative views . He has been involved in contentious legislation and has faced both support and criticism for his policies and rhetoric. Detailed overview of Randy Fine 's stance and legislative efforts related to criminalizing the distribution of anti-Israel flyers, along with broader context about his political agenda and controversies : --- 1. Randy Fine’s Legislative Efforts Against Anti-Israel Flyers - Florida’s Hate Crime Law (2023): ...

"Video Shows Aid Workers Killed in Gaza Under Gunfire Barrage, With Ambulance Lights On" Key Points. NYTimes

Development: "Israel Says Its Account of Rescue Workers Killed in Gaza Was Partly ‘Mistaken’ The Israeli military had previously asserted that the workers had been “advancing suspiciously” toward its troops. A video obtained by The New York Times on Friday appeared to contradict that account." NYTimes. Main Points & Details 1. Video Evidence Contradicts Israeli Claims Video from a paramedic's cellphone shows ambulances and fire truck were marked and had emergency lights on. Contradicts Israeli military statement that vehicles were " advancing suspiciously" without headlights or signals. Video shows convoy moving in early morning with headlights and flashing lights active. 2. Scene and Circumstances of the Attack Convoy stopped to assist an earlier ambulance under attack. Video shows aid workers in uniform exiting vehicles to help. Intense gunfire erupts , captured on video and audio for nearly 7 minutes. Paramedic recording the video re...

📚 Announcing My Four-Book Series on Gaza — Now Available Globally in 200+ Countries

I am humbled to share that all four of my books on Gaza, global complicity and the moral collapse of our era are now published worldwide through Draft2Digital and available across major international platforms including Apple Books, Kobo, Tolino, Barnes & Noble, Smashwords , and many more. Each book represents a piece of a larger narrative: the genocide we witnessed in real time, the machinery of aid obstruction, the politics of silence, and the global bystander syndrome that allowed it all to continue. 📘 The Livestreamed Genocide: A Civilization That Watched and Scrolled A Chronicle of Indifference in the Age of Digital Witness UBL: https://books2read.com/u/mKQq8y Death at the Distribution: The Gaza Humanitarian Foundation and the New Architecture of Aid-by-Force UBL: https://books2read.com/u/3Rr6jn Grotesque Death of Zionism: Livestream in the Court of History UBL: https://books2read.com/u/4jJpzZ The Calculus of Survival: Necropolitics, Siege and the Deionization of Life in...

Ainnbeen

Search This Blog