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The problem is this could be a 'Lehman Brothers Moment": the financial system is deeply interconnected. Credit Suisse failing could cause a domino effect that w
by arcanus 4y ago
The problem is this could be a 'Lehman Brothers Moment": the financial system is deeply interconnected. Credit Suisse failing could cause a domino effect that will spread to other banks, creating a systemic risk to the entire economy.
- Ekaros 4y agoI'm seriously starting to think that we might need to accept the systematic risk realising and clean up the table after it crashes. Extremely ugly, but pushing it forward only makes it worse and I don't think there is fixing things anymore...
- landemva 4y agoI'm tired of outsized banker bonuses and socialized losses. Cleaning out the disease allows for new owners to step in. Take out some cash money for some bills, and let's get started with the cleanup.