Live data from Hacker News

Credit Suisse scandal shakes Zurich’s elite

swissinfo.ch

41–50 of 96 posts

Re: Credit Suisse scandal shakes Zurich’s elite

#41
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.

Yeah, this time it will be fine.

Re: Credit Suisse scandal shakes Zurich’s elite

#42
post #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…

Switzerland has some of the largest corporations in the world in the pharmaceutical industry, and they're by far leaders in the watchmaking industry. Banking isn't the only business they rely on.

Re: Credit Suisse scandal shakes Zurich’s elite

#43
post #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…

Well, if you have a very large capital, and you don't do anything risky with it, it's going to work for it's own growth. You don't need to be very smart or inventive.

Re: Credit Suisse scandal shakes Zurich’s elite

#44
post #42
post #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…

Switzerland has some of the largest corporations in the world in the pharmaceutical industry, and they're by far leaders in the watchmaking industry. Banking isn't the only business they rely on.

I know about Basel and its pharma industry that is still top-notch, but as for banking they seem to go down rather quickly even if the effect is not going to be felt for the next decade outside negative interest rates. As for watches, I am not sure that is very relevant since smartphones, outside quickly converting expensive watches into cash while on the run from authorities...

Re: Credit Suisse scandal shakes Zurich’s elite

#47
post #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…

Long term, I'm not sure. But short term I think they have a very very nice future for themselves.

The biggest problem the Swiss have is that everywhere else seems really dirty in comparison.

Re: Credit Suisse scandal shakes Zurich’s elite

#48
post #26

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.

He's saying that we're too use to kill each other in Europe, and we need some external power as middleman to keep heads cool, which is true. Just before the Ukranian war started I thought another war in Europe was nearly impossible. And here we are.

Did you forget about former Yugoslavia?

What about the Turks and the Greeks?

The UK might end up in a war in the next two decades or so if they slide any further.

War is a long term guarantee.

Re: Credit Suisse scandal shakes Zurich’s elite

#49
post #42
post #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…

Switzerland has some of the largest corporations in the world in the pharmaceutical industry, and they're by far leaders in the watchmaking industry. Banking isn't the only business they rely on.

And then there is pharma, high tech and companies like Logitech. Switzerland is doing just fine.

Re: Credit Suisse scandal shakes Zurich’s elite

#50

Earlier quoted context omitted.

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"?

To the degree that they have money and that money is power.
Post reply on HN