European Tribune - Comments - Freddie and Fannie: it's the Anglo Disease

Freddie and Fannie: it's the Anglo Disease | 153 comments (153 topical, 0 editorial, 0 hidden)

As a note, the Swiss regulators have made it clear that their guarantee for depositors in the big Swiss banks is capped at a publicly disclosed number 54 billion francs, IIRC), so that the US investment bankers of these mighty banks (UBS and Credit Suisse) don't think they'll be bailed out by the Swiss government if they take their bank down with their shenanigans.

The Swiss regulators do know about systemic risk a bit.

In the long run, we're all dead. John Maynard Keynes

by Jerome a Paris (etg@eurotrib.com) on Mon Jul 14th, 2008 at 02:54:44 PM EST
[ Parent ]

Re: Heh (none / 1)

Would that American taxpayers had any clue of the hook we are being hung on. The morrow will be sucked out of our bones before this is done.

As the Dutch said while fighting the Spanish: "It is not necessary to have hope in order to persevere."

by ARGeezer (ARGeezer a in a circle eurotrib daught com) on Mon Jul 14th, 2008 at 07:32:47 PM EST
[ Parent ]

Freddie and Fannie: it's the Anglo Disease | 153 comments (153 topical, 0 editorial, 0 hidden)

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