The No-Win Scenario
Implications of the Credit Suisse bail-in.
The late Kirstie Alley as the Vulcan Lieutenant Saavik, in command during the Kobayashi Maru test in Star Trek II: The Wrath of Khan (1982).
That Didn’t Work
In a trade alert last week (Betting *on* a Bank This Time), I mentioned I bought calls on Credit Suisse (CS) based on Izabella Kaminska’s thesis that the Swiss National Bank’s ~$54 billion back stop …
