BREAKDOWN: Is Credit Suisse the Next Lehman Brothers?
CoinDesk Podcast Network
CoinDesk
4.8 • 689 Ratings
🗓️ 3 October 2022
⏱️ 17 minutes
🧾️ Download transcript
Summary
If you listened to FinTwit this weekend, you probably think the answer is “yes.”
This episode is sponsored by Nexo.io, Circle and FTX US.
After a wild weekend of speculation and discussion, NLW breaks down what’s actually happening with beleaguered Credit Suisse, as well as why the FinTwit doom machine seems so focused on it.
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I.D.E.A.S. 2022 by CoinDesk facilitates capital flow and market growth by connecting the digital economy with traditional finance through the presenter’s mainstage, capital allocation meeting rooms and sponsor expo floor. Use code BREAKDOWN20 for 20% off the General Pass. Learn more and register at coindesk.com/ideas.
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“The Breakdown” is written, produced by and features Nathaniel Whittemore aka NLW, with editing by Rob Mitchell and research by Scott Hill. Jared Schwartz is our executive producer and our theme music is “Countdown” by Neon Beach. Music behind our sponsors today is “The Now” by Aaron Sprinkle and “The Life We Had” by Moments. Image credit: Dan Kitwood/Getty Images, modified by CoinDesk. Join the discussion at discord.gg/VrKRrfKCz8.
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Transcript
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| 0:45.6 | That's audible.com slash Wondery UK. |
| 0:53.9 | Welcome back to The Breakdown with me, NLW. |
| 0:59.0 | It's a daily podcast on macro, Bitcoin, and the big-picture power shifts remaking our world. |
| 1:04.7 | The breakdown is sponsored by nexo.io, Circle, and FtX, and produced and distributed by CoinDesk. |
| 1:12.5 | What's going on, guys? It is Monday, October 3rd, and today we are talking about credit suisse. |
| 1:19.0 | Before we dive into that, however, if you are enjoying the breakdown, please go subscribe to it, |
| 1:22.9 | give it a rating, give it a review, or if you want to dive deeper into the conversation, |
| 1:26.4 | come join us in the breakers discord. You can find a link in the show notes or go to bit.ly slash breakdown pod. |
| 1:32.7 | All right, folks, well, listen, this weekend, we were gone at a wedding and I was basically |
| 1:38.0 | completely off Twitter. But even through that, it was impossible not to notice everyone on FinTwit screaming about |
| 1:46.4 | Credit Suisse. So today we're going to look at what the hell was actually going on and what it |
| 1:51.5 | means for markets in the broader economy. Early on Saturday morning, ABC Australia, the state |
| 1:56.7 | news company, published an article about the crisis in the UK bond market and potential systemic |
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