#runonbank

Boy, were they wrong! Credit Suisse shares tumbled as much as 12%, after the Swiss bank unexpectedly posted a bigger-than-expected loss for the fourth quarter and even more unprecedented client outflows, exacerbating the difficulty for new CEO Ulrich Koern

The Economic ninja talks about the credit suisse collapse and why you will want to get your money out of the banks as more and more people are taking their money out of banks as bank runs start in other countries. Many people are asking, is my bank safe? Y