.....Houston we have a problem. Market cap of $CS is now a rounding error. 35x leverage. This and Deutsche Bank…a canary in coal mine.
— FOSS - Lehman CDS at 9bps in '06, 🇨🇦 now at 41 (@FossGregfoss) September 30, 2022
CDS on Credit Suisse now at GFC highs. #btc pic.twitter.com/cVTOavkBv2