CEO-Don Lawrence (Financial Analyst and veteran trader) talks about the Twitter deal, Federal Bank, and the Financial Crisis 2.0. Musk has now agreed to follow through on the deal’s course likely to avoid legal liability. However, it is very possible that he has no intention at all to proceed, but his initial delay and then his agreeance to proceed, was likely just a facade to buy time until the economic situation worsened, and banks could now refuse to fund the deal. Rumours have floated that Credit Suisse, based in Switzerland and UK banks are currently facing liquidity concerns. Many have suggested that Credit Suisse could be the next “Lehman Brothers” moment, which in 2008 was the trigger that really lit the spark of the 2008/9 financial crisis that took down world banks, especially decimating UK banks. Hopefully Federal banks will respond to the concern, and halt raising rates and stabilize the financial markets and banks.
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