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Credit Suisse scandal shakes Zurich’s elite

swissinfo.ch

31–40 of 96 posts

Re: Credit Suisse scandal shakes Zurich’s elite

#31
post #18
post #14

Skimming though the article did not explain what the scandal is about.

The CEO of Credit Suisse was accused of hiring an investigator to follow around a former executive who went to rival UBS. The "scandal" is that Swiss bankers are supposed to be too Swiss to do such things. The irony is that neither the CEO nor the executive are actually Swiss because high finance these days knows no nation.

Iqbal Khan is Swiss

Re: Credit Suisse scandal shakes Zurich’s elite

#33
post #23

An apt reminder that we're all just meat bags at the end of the day.

Yeah, I'm not including myself with entitled man-children that throw a tantrum when their garden is impugned. This is more of a reminder that our rulers are less ethical, less self-disciplined, and less wise than the average Joe. Why? Because they can be.

In what sense are Credit Suisse execs "our rulers"?

Re: Credit Suisse scandal shakes Zurich’s elite

#35
post #25
post #11

"It’s not just that power shifts from one country to another, from one political party to another, from one business model to another, it’s this: Power is decaying" - Moises Naim [The End of Power] The book basically says, it is becoming easier to get power, harder to use it to control others and harder to keep it once you have it.

> easier to get power, harder to use it to control others and harder to keep it once you have it. curious - if it's harder to use/keep, how is it actually 'power'?

You have power but so do a lot of other people. You use your power to serve your best interests, but people with equal or greater power are also acting in their best interests and sometimes that means your power and their power clashes.

When that happens, you don’t always get the result you want, but maybe neither of you gets the results you want. Maybe what ends up happening is some kind of canceling out of your respective powers.

If the power dynamics in the market are diverse enough, people with competing interests and ideologies have various forms of power, then this will happen more often than not and you’ll see power canceling out power more often than you see power effecting the influence of the people that wield it.

Re: Credit Suisse scandal shakes Zurich’s elite

#36
post #14

Skimming though the article did not explain what the scandal is about.

IKR? And the word count is almost 1000. Probably a naive question, but are artilces written like this to increase page dwell time metrics for adds? Is that why recipes on the internet hide the ingredients in long stories about the author's grandmother and descriptions of the countryside in the fall?

Re: Credit Suisse scandal shakes Zurich’s elite

#37
Does Switzerland have any future? It's no longer a bank haven for rich Europeans evading taxes nor 3rd world dictators, its banks don't show entrepreneurial spirit in finding and investing into high-potential startups, rather to well-connected wantrepreneurs, there are no easy money to be made in Eastern Europe/Russia any longer, and its conservatism is likely going to prevent them from making necessary changes until the decline is felt in upper strata of society.

Re: Credit Suisse scandal shakes Zurich’s elite

#38
post #28

Earlier quoted context omitted.

Are you advocating for remilitarizing Germany, an American invasion of Europe, or a second amendment right to Hoovers? In any event, definitely don't vacuum up ammo. It's bad for the vacuum at a minimum.

Remilitarizing Germany makes sense. We can't punish this generation for past sins.

Doing so under the umbrella of NATO would be even better if we can swing it. No guarantees on that right now though.

Re: Credit Suisse scandal shakes Zurich’s elite

#39
post #31
post #18

Earlier quoted context omitted.

The CEO of Credit Suisse was accused of hiring an investigator to follow around a former executive who went to rival UBS. The "scandal" is that Swiss bankers are supposed to be too Swiss to do such things. The irony is that neither the CEO nor the executive are actually Swiss because high finance these days knows no nation.

Iqbal Khan is Swiss

[deleted]

Re: Credit Suisse scandal shakes Zurich’s elite

#40
post #32
post #23

An apt reminder that we're all just meat bags at the end of the day.

"They're Made out of Meat" https://www.mit.edu/people/dpolicar/writing/prose/text/think...

The excellent video version: https://www.youtube.com/watch?v=7tScAyNaRdQ
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