3min chapter

The Compound and Friends cover image

Yes, This Is a Bailout of Credit Suisse

The Compound and Friends

CHAPTER

Do You Think There Will Be a Lot of Litigation in This Case?

Do you think there will be conflicts, whether explicit or implicit? And do you think this is an area where you're going to see some liability on the part of depositors and or the companies that they had money on deposit for? That's a great question. I think if I were in charge of a team of investigative reporters at the Wall Street Journal, this is the main question that I would focus on right now. My instinct is that there were all sorts of concierge banking services that were being offered and sweetheart deals. You've seen a few glimmers of this already.

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