People Are Comparing Credit Suisse Buyout in 2023 to Bear Stearns in 2008

Credit Suisse was a $7 billion company when the market closed on Friday

UBS just agreed to buy $CS for $2 billion

This is our Bear Stearns moment

— Grit Capital (@Grit_Capital) March 19, 2023

History sure is rhyming and spookily in sync.

"On this day in 2008 Bear Stearns was bailed out by JP Morgan and The Federal Reserve at $2 per share."

ht Phil Dauber

— Danielle DiMartino Booth (@DiMartinoBooth) March 19, 2023

https://twitter.com/GavinClimie/status/1637534847156604929?s=20

15 years ago (March 16th, 2008) JP Morgan bought Bear Stearns over the weekend for $2/share, a 90% discount from Friday's closing price.

Now, UBS is offering to buy Credit Suisse for almost a 90% discount from Friday's $2 close i.e. ~$.27 per share. https://t.co/XBheceHzYX

— Mac10 (@SuburbanDrone) March 19, 2023

UBS + CS 2023 = JPM + Bear Stearns 2008

Now, who is the next Lehman?

And who is the next AIG?

— Ascendant Power (@AscendantPower) March 19, 2023