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Strategies & Market Trends : The Financial Collapse of 2001 Unwinding

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To: Elroy Jetson who wrote (10672)3/19/2023 7:21:18 PM
From: Snowshoe6 Recommendations  Read Replies (3) of 13784
 
The Swiss are fleecing the bondholders! Is this legal?

Credit Suisse says $17 billion of its debt now worthless, angering bondholders
finance.yahoo.com

"It's stunning and hard to understand how they can reverse the hierarchy between AT1 holders and shareholders," said Jerome Legras, head of research at Axiom Alternative Investments, an investor in Credit Suisse's AT1 debt.
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