Peter St Onge, Research Fellow at The Heritage Foundation, discusses the recent turmoil surrounding Credit Suisse, one of the world's largest banks, as it faces a 25% drop overnight. We take a look back at its history with the European sovereign debt crisis, its recent $8 billion loss, and the challenges it's facing in raising capital. Will the Swiss government and EU step in to bailout the bank and prevent further contagion? And what does this mean for the ongoing bank panic in the United States? Watch now for a quick analysis of the situation and the potential consequences.
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