Surveillance Special: UBS to Buy Credit Suisse
Bloomberg Surveillance
00:00
Is This a Bailout or a Bailing Out?
Credit Suisse is writing down $16 billion of its risky bonds. Peter O'Mara, head of macro strategy at Academy Securities shares his thoughts on the story. He says it raises a lot of questions about how this happened and what will happen to those who are still holding these instruments. "I think no one's going to be buying these for a period of time," he adds.
Play episode from 35:52
Transcript
