Welcome to the new version of European Tribune. It's just a new layout, so everything should work as before - please report bugs here.
And my point is that if the Swiss regulator has its eyes on the ball, it can kill the hostile takeovers during any the potential CHF panic dead by requiring cash settlement of all stock market transactions before they are valid. Which means that naked short selling counterfeiting CHF will not enable Mr. Buffet and his colleagues to buy up real assets in Switzerland. They will have to short using real money to provide for takeover bids. Which means they will have to go to the Swiss banking system, which is the only place on the planet that can make genuine Swiss money.

And the Swiss CB/financial regulator can grab the Swiss banking system by the short and curlies quite literally overnight.

- Jake

Friends come and go. Enemies accumulate.

by JakeS (JangoSierra 'at' gmail 'dot' com) on Tue Aug 16th, 2011 at 08:59:01 AM EST
[ Parent ]

Others have rated this comment as follows:


Top Diaries

It's "Whose Economy, Stupid?"

by Helen - Aug 3
1 comment

In which I defend Wolfgang Schäuble

by rz - Jul 15

I'm done with the EU

by tyronen - Jul 13

The Greece Blame Game

by Frank Schnittger - Jul 20

The democractic insolvency

by rz - Jul 16

Occasional Series