Credit Suisse Might Be ‘Too Big to Be Saved,’ Nouriel Roubini Says
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Credit Suisse Group AG could be too big to bail out, economist Nouriel Roubini warned Wednesday, as shares of the troubled bank nosedived to a record low.
“The problem is that Credit Suisse, by some standards, might be too big to fail, but also too big to be saved,” Roubini, who’s known as “Dr. Doom,” told Bloomberg TV. It’s not clear the bank’s regulators have the resources to engineer a bailout, he added.