Australian Politics Forum

Australian Politics Forum
http://www.ozpolitic.com/forum/YaBB.pl General Discussion >> Europe >> Too big to fail, yet too big to save! http://www.ozpolitic.com/forum/YaBB.pl?num=1678926837 Message started by The Credible Poster on Mar 16^th, 2023 at 10:33am

Title: Too big to fail, yet too big to save!
Post by The Credible Poster on Mar 16^th, 2023 at 10:33am

Credit Suisse has been described as such a bank by Dr Doom.

https://fortune.com/2023/03/15/dr-doom-nouriel-roubini-contagion-spread-globally-regional-banks-credit-suisse-svb/

Title: Re: Too big to fail, yet too big to save!
Post by Dnarever on Mar 16^th, 2023 at 12:12pm

Nom de Plume wrote on Mar 16^th, 2023 at 10:33am:

Credit Suisse has been described as such a bank by Dr Doom.

https://fortune.com/2023/03/15/dr-doom-nouriel-roubini-contagion-spread-globally-regional-banks-credit-suisse-svb/

Title: Re: Too big to fail, yet too big to save!
Post by The Credible Poster on Mar 16^th, 2023 at 1:41pm

So, the ECB has done a bit of a ring around with major European banks to get a feel for the level of exposure they have to Credit Suisse... Oh to be a fly on the wall!

Anyways, as a consequence the ECB will provide a line of credit to the tune of 54 Billion!

Title: Re: Too big to fail, yet too big to save!
Post by The Credible Poster on Mar 16^th, 2023 at 1:50pm

I do wonder why the ECB is bailing out Credit Suisse given that the SNB offered to help out.