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Cooperativism62 t1_jd45syx wrote

Reply to comment by jonny_wow in [OC] UBS is now the world's 3rd largest asset management firm after acquiring Credit Suisse by giteam

What's so toxic about it? I haven't read the reports yet on what caused the failure and none of the headlines hint either.

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jonny_wow t1_jd4bi5r wrote

They tried to naked short sell Gamestop into bankruptcy and the gamers fought them and won, now CS has bad positions open that nobody in the world can afford, so the only play they have is to keep opening shittier and shittier positions every day until the world runs out of money.

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