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Divine Intelligence, etc

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Credit Suisse's Role in Winning Out Bondholders

CNN's John Defterios looks at credit Swiss. He says the bank wiped out bondholders, but got $3 billion to go to equity holders. This is what happens when you play game with things like Russian sanctions, he says. "You're playing massive politics and it's whipsawing a bank in a way that it can't"

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