So the solution to the banking collapse is to create even MORE too-big-to-fail monopoly banks? The corruption has gotten so far out of control at this point it's laughable.
No one is really getting bailed out here: CS shareholders will lose ~80% vs what they were worth a couple weeks ago, the AT1 shareholders got wiped out, and if you look at UBS’s share price, it’s not like people think they got an extraordinary gift from the regulators. UBS management at will have to suffer an enormous headache to integrate the operations.
Specifically the variety of undemocratic processes to reach this result in the past and now. Federal Council overriding parliament and the population, specifically to override the potential will of shareholders in the company.
During a downturn the stronger companies often acquire distressed competitors and consolidate. Evidence of corruption would be CS being propped up and executives allowed to pay themselves big bonuses. I'm not seeing anything like that, are you?