JayZerps🕊️

Not all who wander are lost

[JayZerps🕊️ @jayz3rps]

Stella Maris♾Polaris
Hope & New beginnings♒️

[JayZerps🕊️ @jayz3rps]

Happy Tammuz! Sin of the golden calf.

[311.IX @X11322311X]

-.. --- -.-- --- ..- -... . .-.. .. . ...- . .. -. -- .. .-. .- -.-. .-.. . ... ..--.. . ...- . .-. -.-- - .... .. -. --. .. ... .-. . .- -.. -.-- .. - .----. ... - .. -- . ..-. --- .-. .-. . ...- . .-. ... .- .-.. .. -. -.-. --- -- .. -. --. --. --- -.. -.-. .- -. -.. .-.. .

[JayZerps🕊️ @jayz3rps]

Iyar starts on Victory day.👀

[JayZerps🕊️ @jayz3rps]

@JoelKatz When you forget your allen(hex) keys and only have your leatherman(and some lockwires) on you.

[JayZerps🕊️ @jayz3rps]

I remember an old acquaintance call 7/13/23

Called 8/14🚀

He came back to emphasize Hebrew.

5784 is a leap year.

Nisan is January(ecclesiastical) July(civil)
August(civil in leap)

13 was victory day

The 14th is the day before the real good Friday.

3 days later is 🌞

[JayZerps🕊️ @jayz3rps]

Today is indeed 7/7(52)

[David 'JoelKatz' Schwartz @JoelKatz]

37 assists in the first quarter has to be an NBA record.

[JayZerps🕊️ @jayz3rps]

10 days before the crucifixion. 13 days before Easter.

[JayZerps🕊️ @jayz3rps]

Happy Ecclesiastical New Year🎉🥳

[JayZerps🕊️ @jayz3rps]

It is currently 26 Adar II 5784

April 9, 2024 is Nisan 1

Nisan is the Hebrew's Seventh civil, and First ecclesiastical lunar month of this solar year.

Jesus died just before Passover week on Nisan 14(John 19:14) and rose from the dead 3 days later.

I learn something everyday.

[JayZerps🕊️ @jayz3rps]

Maybe nothing.

[JayZerps🕊️ @jayz3rps]

@Alex_Dukett Fun fact: On Night is an anagram of Nothing. Have a nice day✌️

[JayZerps🕊️ @jayz3rps]

Aquarius ends on Thursday.

[JayZerps🕊️ @jayz3rps]

The market is extremely good at making the price action hide the market structure.

[JayZerps🕊️ @jayz3rps]

-In 2008, they knew the next FC will be much worse. Treasuries were the flight to safety.

-They knew the next one would be about Treasuries.

-A new asset class was born shortly after the fallout.

-A new flight to safety was born.🕊️

[QE Infinity @StealthQE4]

Never forget

[Navalism @NavalismHQ]

"Good investors don’t sell investment advice."

@naval

[McSqueezyTheCow @McSqueezyTheCow]

UBS Group AG only had four days to make a decision on entering into a merger agreement with Credit Suisse.

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When representatives from Swiss National Bank (SNB) and the Swiss Financial Market Supervisory Authority (FINMA) approached UBS on March 15, 2023, it was from a position of desperation, as "the Swiss government had determined that a decision would need to be made before the opening of markets following the weekend", on March 20, 2023.

"The Government Representatives indicated that without such a rescue it was to be expected that Credit Suisse (a Global Systemically Important Bank) would need to be placed into resolution or into bankruptcy."

(UBS must have been in a rush to publish this filing as well, as they mistyped "May" instead of March 15, 2023 as the day Swiss government authorities reached out to UBS. See above)

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Why are you living in the past, Squeezy?? Because hindsight is 20/20, and the past sheds light on the present.

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Remember that first highlighted section in the screenshot above? Let me refresh your memory...

(UBS Group AG) --

"The emergency circumstances under which UBS Group AG conducted its due diligence of Credit Suisse may have affected UBS Group AG’s ability to fully evaluate Credit Suisse’s assets and liabilities prior to the execution of the merger agreement."

I believe this is foreshadowing, as well as a bit of damage control, filing ahead of time what is essentially "this might not work out". And when it doesn't, "here's why".

As an out, UBS is--I believe--pointing to the fact that Swiss government hurried their decision in an eleventh-hour, last-ditch effort aimed at protecting the global economy and "minimizing negative fallout", which tied UBS' hands, and led to what we can now see were clear mistakes.

"If the circumstances of the due diligence affected UBS Group AG's ability to thoroughly consider Credit Suisse's liabilities and weaknesses, it is possible that UBS Group AG will have agreed to a rescue that is considerably more difficult and risky than it had contemplated."

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TLDR:

UBS is currently falling apart for a myriad of reasons. However, a clear reason--which they even allude/admit to--was not conducting proper due diligence and internal process controls because of the hurried nature of the merger proposal thrust upon them by the Swiss government.

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In short, UBS is fukt.

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#SystemicRisk #BankingCrisis #LiquidityCrisis #WallStreet #StockMarket #MemeBanks #CreditSuisse #UBS #BankRun #Merger #BlameGame #TickTock

May 16, 2023 UBS Group AG Amendment No. 1 to Form F-4:
https://t.co/4QSslybbyK

[Finextra @Finextra]

UK funds given green light for tokenisation https://t.co/9YBF4n00CR

[JayZerps🕊️ @jayz3rps]

@JoelKatz Morally, no one should hire such a doctor.

A single loss of life is never an acceptable margin of error.

However, an opportunity exists where a problem has presented itself and be corrected with a slight change of policy.