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> The Swiss government(and the SNB) could have easily saved Credit Suisse, but the politicians lacked the backbone to do so. They panicked at the first sign of trouble. Saving the bank was important for Switzerland’s image in the financial world, but it seems that they no longer care about their own country.

All your assertions here fly in the face of reported facts. Anyone you talk to in the banking and finance industry would tell you that the failure of CS isn’t a recent thing, and there was no “panic at the first sign of trouble”, which would be YEARS ago. if widely circulated rumors (more reliable than your baseless assertions) are to be believed, the Swiss government basically forced UBS to save the failing bank.

And why didn’t UBS want to buy CS at a discount? Because their liabilities are likely way more than the value gained from buying it.

CS is a branding liability, the trust in the name is abysmal, as withdrawals shows

Well they could just bought the brand name then? The rest of the balance sheet doesen't seem to be worth that much when you balance everything and the executives were clearly a huge net negative...