A parliamentary investigation into the collapse of Credit Suisse will keep its files closed for 50 years, according to a parliamentary committee document, a level of secrecy that has triggered concern among Swiss historians.
The document means the investigating commission would hand over its files to the Swiss Federal Archives after a longer gap than the usual 30 years to ensure high levels of confidentiality apply to the investigation, which has generated huge public interest.
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What absolute bullshit. I think the people impacted by this fiasco deserve answers now not 50 years from now!
100%, this is such obvious “hide this shit until everyone involved is dead”.
I guess the upside is that this implies that the investigation actually did an investigation… meanwhile the Swiss public starts investing in cryogenics. But seriously, maybe someone should put up ‘DRS GME’ billboards in Switzerland.
How would this not cause a bank run on UBS?
CS collapses. UBS forced to aquire more toxic assets. Investigation finds assets are so toxic, they are being hidden for 50 years.
How well do you really think UBS is doing?
“We feel that any possible rumors and Streisand effects of a 50 year ban are far exceeded by how bad things actually are. Thank you for the chance to be a mattress-fucking sock puppet on Lemmy.”
- CS Execs, probably
