Swiss government: “You’re going to buy this catshit.” UBS: “But, it’s actually not just catshit. It’s dogshit wrapped in catshit.” Swiss government: “You’re buying it anyway.”
via reuters: HONG KONG, May 17 (Reuters) – UBS Group AG (UBSG.S) was rushed into buying cross-town rival Credit Suisse Group AG (CSGN.S) in a deal it did not want, as a global bank crisis worsened the latter’s finances and prompted authorities to take …