Surveillance Special: UBS to Buy Credit Suisse
Bloomberg Surveillance
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What Happens When You Have a Systemically Important Bank in Trouble
Steve Paliukka, senior advisor at bank capital joins Lisa Ling to talk about the financial system. He says credit Suisse bailout is a messy one hundred billion Swiss franc liquidity assistance from the SMB and government grant of nine billion. 17 billion dollars worth of risky bonds wiped out and taken down a zero he adds. Steve: Small banks accounted for almost 40 percent of loans to smaller businesses this is one of the big mainstays of credit impulse in the US what happens when they go away?
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