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Comment by yehudalouis

My guess would be that that SNB's backstop and liquidity assistance is a way to bail them out before the inevitable collapse. It may make the medicine go down easier, as CS's collapse looks likely. Upon their demise, SNB can then say "well, great thing we had that backstop, huh!" rather than needing to find the political capital to get a bailout through.

Just a guess.

parent yehudalouis 3 years ago

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