No ... in the worst case scenario the Swiss protect deposits, possibly nationalize the infrastructure needed to service those deposits, then let the rest of the

No ... in the worst case scenario the Swiss protect deposits, possibly nationalize the infrastructure needed to service those deposits, then let the rest of the structure collapse into bankruptcy. You don't bankrupt your national economy to protect foreign speculators. You salvage the part that your citizens depend on (and were meant to be able to trust). Once you're talking 100 billion plus, global investor confidence will recover over time long before you recover from a financial hit like that. Basically the approach that Sweden took in 2008.