American investors in Credit Suisse and corporate litigators are preparing to take on the government of Switzerland over its decision to wipe out $17 billion worth of Credit Suisse bonds.
Swiss bank Credit Suisse was sold to one of its main competitors, UBS, in a sale brokered by the Swiss government . As part of this deal, UBS was forced to pay out $3.25 billion to shareholders. But the government also used an emergency ordinance to write down the value of the bonds to zero. (Related: Credit Suisse merger with USB could destroy Western bond market after bank zeroed out BILLIONS in bonds .)
These bondholders own securities that are known as Additional Tier 1 (AT1) bonds. Those that hold AT1s purchased these securities on the expectation that, in the event of a bank collapse, they stood ahead of equity holders on the balance sheet.
The emergency […]
Read the Whole Article From the Source: www.naturalnews.com
What Would You Do If Pharmacies Couldn’t Provide You With Crucial Medications or Antibiotics?
The medication supply chain from China and India is more fragile than ever since Covid. The US is not equipped to handle our pharmaceutical needs. We’ve already seen shortages with antibiotics and other medications in recent months and pharmaceutical challenges are becoming more frequent today.
Our partners at Jase Medical offer a simple solution for Americans to be prepared in case things go south. Their “Jase Case” gives Americans emergency antibiotics they can store away while their “Jase Daily” offers a wide array of prescription drugs to treat the ailments most common to Americans.
They do this through a process that embraces medical freedom. Their secure online form allows board-certified physicians to prescribe the needed drugs. They are then delivered directly to the customer from their pharmacy network. The physicians are available to answer treatment related questions.