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Fears of Financial Meltdown Haunt Governments

Occupy Wall Street demonstrators gather at Grand Army Plaza in New York in 2011.
Occupy Wall Street demonstrators gather at Grand Army Plaza in New York in 2011.

Photographer: Jin Lee/Bloomberg

There’s a sense of déjà vu for those government officials who still bear the scars of the financial crisis of 2007-2008.

The conditions surrounding the overnight lifeline thrown to Credit Suisse following Silicon Valley Bank’s collapse last week are still very different to the subprime crisis that almost brought down the global financial system 15 years ago.