The Swiss banking giant said 61.2bn Swiss francs left the bank in the first three months of the year.
68.6 Billion US dollars.
Switzerland's Foreign Currency reserves are about 800 - 1000 Billion US$. The Swiss are very rich. They could have easily saved the bank. But it was not worth saving.
We had here a week of Pesach work pause and it is mightily difficult for me to re-start work. On Sunday I traveled to Afula for Victory's new store, but I am unable to sit for long and work. How can I wind up to work? I do not need to work but I am afraid of the vacuum if I stop. Work maintains me in life. Or not. God, help me. Maybe too much valium makes me lazy as now I am.
The defunct Swiss Bank not only destroyed records of Jewish deposits during WWII but also helped Nazis to steal Jewish monies. Not only helped them but actively hindered the investigation of its criminal actions.
A committee of US lawmakers on Tuesday said troubled Swiss bank Credit Suisse Group CSGN.S hampered a multiyear investigation into the servicing of Nazi clients and Nazi-linked accounts.
Credit Suisse commissioned an investigation into allegations levied by a human rights organization that the bank held potential Nazi-linked accounts and failed to disclose them, even during Holocaust-related probes decades earlier. A Senate committee's recent investigation into the matter found the bank hindered the probe and "inexplicably terminated" an independent reviewer overseeing it.The "information we've obtained shows the bank established an unnecessarily rigid and narrow scope, and refused to follow new leads uncovered during the course of the review," Republican Senator Chuck Grassley, the ranking member of the Senate Budget Committee, said in a statement.
Now we are starting to understand how those Nazis that immigrated LEGALLY to Argentina after the war arrived with such large fortunes and could buy themselves estancias in Patagonia. With the disappearance of Credit Suisse that chapter of the Holocaust is now closed and justice was not even remotely done.
Italians' mean age is 47; therefore, more than half are past the age of reproduction. With a fertility rate of 1.3 children per woman, the smaller "procreative fraction" of the population will fall by almost 50% with each generation. (If President Meloni adopts nationalist measures...) she will have to deal with the European Court of Human Rights, the Court of Justice of the European Union, and the United States, if she does not respect the treaties on the management of immigration, Islam, free and undistorted competition, and the European Union's defense policy.
If she is really very brave, she will carry on regardless and continue her policy. That is when the European Central Bank will deal with her. Indeed, Italy has become, thanks to Berlusconi, a beggar. It owes its survival only to the accommodative policy of the ECB, which massively buys its abysmal debt, and protects it from hedge funds. Remember that the ECB holds 780 billion [euros] of Italian public debt (30% of total debt), and that this is only growing. Italy's 10-year borrowing rates have already exceeded 4%, which is completely unbearable for the country's budget. Then it would be enough for the ECB to stop its purchases, or even to sell part of its stock on the market at a low price, to immediately raise this rate to stratospheric levels, and make Italy look like Zimbabwe.
