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$1 TRIILION "ECONOMIC BANK BAILOUT" PLANNED BY SWISS GOVERNMENT.
$1 TRIILION "ECONOMIC BANK BAILOUT" PLANNED BY SWISS GOVERNMENT.
Swiss government is planning a $1 TRILLION economic bailout of UBS and CREDIT SUISSE. Swiss government plans to "protect its economy" and protect the "economic well-being of its citizenship".
FOR IMMEDIATE RELEASE
(Free-Press-Release.com) March 22, 2011 --
The government of SWITZERLAND announced this week that it is planning a $1 TRILLION economic bailout of UBS and CREDIT SUISSE. The government of SWITZERLAND is planning to inject more that $1 TRILLION into its two major banks to protect the economy of SWITZERLAND. Elected officials of SWITZERLAND said "UBS and CREDIT SUISSE are too big to let them fail".
Both, Swiss banks [UBS and CREDIT SUISSE] have been performing well on the SWISS STOCK EXCHNGE (SWX) recently and, neither, bank has been showing week performance in recent weeks. Just the same, the SWISS government believes that it must inject $1 TRILLION into the swiss banking system to make it economically healthy. Obviously the SWISS GOVERNMENT has a $1 TRILLION it can afford to throw-away on bank bailouts. And, believes now is the time to do it.
CREDIT SUISSE and UBS-UNION BANK OF SWITZERLAND are the largest employers in Switzerland, thus, the Swiss government believes they (the banks) are worth protecting economically.
UBS - UNION BANK OF SWITZERLAND, the worlds "FIRST TRILLIONAIRE" has had economic problems recently, do to the "MAJOR INVESTIGATION" by the U.S. Government into U.S. Citizens using swiss banks as a "TAX DODGE". More than 52,000 U.S. Citizens came under investigation, by the U.S. Government, for income tax evasion. 4.450 U.S. Citizens are atill under investigation and may well be prosecuted by the U.S. Government for "income tax evasion". This are not organized crime figures, these are U.S. Citizens who failed to report income and failed to pay income taxes to the United States Government (IRS). That investigation allmost caused the collapse of UBS. At one time, during the investigation, the stock of UBS was trading on the SWISS STOCK EXCHANGE (SWX) at about $1.25 per share. It (the UBS stock) is now trading on the SWX at about $18 per share. UBS stock valued it expected to go up (considerably) in coming years. That investigation is now over and it's "BACK TO BUSINESS AS USUAL" for the swiss banks.
Very little information was available about the SWISS GOVERNMENT super-secret $1 TRILLION bank bailout.
Futher NEWS to follow, when made available.
This NEWS REPORT released by BEN CAMPBELL BILLIONAIRES ADVISORY.
Website: www.billionaires.00cash.com
Website: www.billionaires.00cash.com
Email: billionaires@email.com
Phone: 323-573-2501
Name: Ben Campbell
More information can be found online at http://www.billionaires.00cash.com
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