Watchman Sees Trouble: The Stock Market in the United States Finished Lower Today; It Would Have Been a Bloodbath if Swiss Officials Had Not Stepped in to Tell the World That It Would Bail Out Their Insolvent Bank

HNewsWire: Switzerland’s second largest bank, Credit Suisse, which has been experiencing bank runs and plummeting stock valuations since the end of 2022, became the first SIFI (systemically important financial institution), or “too big to fail” bank, to crash today forcing regulators to step in and ensure a bailout. The Saudis almost single-handedly crashed the U.S. Stock Market (and stock markets around the world) this morning when they announced that they were not going to put any more money into the failed Swiss bank. Problems at Switzerland’s second-biggest lender are causing stocks around the world to falter—and reigniting fears for the banking sector. On Wednesday, Credit Suisse ‘s top shareholder said in a Bloomberg interview that it wouldn’t invest additional money in the Swiss bank. Saudi National Bank Chairman Ammar Al Khudairy told the media outlet that taking a stake of more than...