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“If this is left to stand, how can you trust any debt security issued in Switzerland, or for that matter wider Europe, if governments can just change laws after the fact. Contracts are made to be honored.”
https://www.zerohedge.com/markets/swiss-defend-17bn-at1-bond-wipeout-credit-suisse-deal-furious-creditors-including-david
MY COMMENT: Duh! YOU CAN'T. The system is rigged. Duh! Did it have to take a bankruptcy to figure something this fucking obvious out!? The system is rigged and corrupted. When a system is rigged and corrupted it is best not trusted!
The ONLY ones who get bail-outs, by the way, are those that are privileged aka obedient special interests !!!
No one else gets bailed out, they get bailed-in aka robbed.
You were warned.