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#398 w/Allison Schrager - "The Horrible, No Good Economy: A Primer”
The Fifth Column
Is Credit Suisse in Trouble?
When I saw that this was going to happen, I like gasped and I felt like physically angry, but I still think it was the right thing to do. The size of credit Suisse is like three quarters of the size of Switzerland's GDP. So if they had to do a massive bailout, they'd be in trouble. It wasn't really about this one bank with people that no one's finding particularly sympathetic. But everyone else could get hurt or as he said, bigger banks like Credit Suisse. And if they go, you know, Deutsche Bank could go and then then I don't know where we are.
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