Submitted by Kl--------k t3_12115vx in nottheonion
DennisHakkie t1_jdliqof wrote
Reply to comment by MR___SLAVE in Too big for Switzerland? Credit Suisse rescue creates bank twice the size of the economy by Kl--------k
And is that a problem? It’s a bank with customers all over the world…
Silver_gobo t1_jdmn98b wrote
The bank is getting so big that if they needed some kind of bailout, Switzerland alone would be hard pressed to do that. If they didn’t do the bailout the bank is so big the ripple effect is global. A problem is the bank getting out of arms reach of governance
DennisHakkie t1_jdmnsh6 wrote
That sounds pretty reasonable and an angle I wouldn’t have thought of. Thanks!
MR___SLAVE t1_jdllz9w wrote
No, but "market cap" is a completely different thing from what the article was referring to with regard to the "double the GDP" remark.
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