Swiss Bank Default, Dollar & Gold…Q&A with Lynette Zang & Eric Griffin
ITM Trading Podcast
00:00
Will It Be Worse Than Lehman?
If the Swiss banks default, will it be worse than Lehman? Probably not. Primarily because we know they're in deep trouble and Lehman was a surprise that they didn't get bailed out. The real challenge though is that all of the banks are interconnected with derivatives. And that's really what the problem is.
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Transcript
