ongoing but at that time of course it was and around the same time of the year march of 2008 where bear stearns had to hedge funds that collapsed and set in motion what would later a few months later 6 months later become the global financial crisis when lehman brothers also collapsed you started to see that again the debt crisis has risen again you might say bill langer of arc ago yes he you know his fund collapsed in a spectacular fashion with massive margin call up to about $30000000000.00 margin call he received and it looks like he's really impacted not only did like c.b.s. viacom c.b.s. fall by like 27 percent as all his shares are if i had to be sold off by the counterparty banks.

ongoing but at the time of course it was and around the same time of the year march of 2008 where bear stearns had to hedge funds that collapsed and set in motion what would later few months later 6 months later become the global financial crisis when lehman brothers also collapsed you started to see that again the debt crisis has risen again you might say bill lang of arc ago he 5 you know his fund collapsed in a spectacular fashion with massive margin call up to about $30000000000.00 margin call he received and it looks like he's really impacted not only did like c.b.s. by viacom c.b.s. fall by like 27 percent as all his shares are if i had to be sold off by the counterparty banks but the banks themselves i credit suisse have been hit credit suisse warns and pre-market statement of a highly significant hit to its 1st quarter results after it began exiting positions with a large us hedge fund that defaulted on margin calls last week so played.

ongoing but at that time of course it was and around the same time of the year march of 2008 where bear stearns had to hedge funds that collapsed and set in motion what would later few months later 6 months later become the global financial crisis when lehman brothers also collapsed you started to see that again the debt crisis has risen again you might say bill wang of arc ago he you know his fund collapsed in a spectacular fashion with a massive margin call up to about $30000000000.00 margin call he received and it looks like he's really impacted not only did like c.b.s. but viacom c.b.s. fall by like 27 percent as all his shares are if i had to be sold off by the counterparty banks but the banks themselves i credit suisse have been head credit suisse warns and pre-market statement of a highly significant hit to its 1st quarter results after it began exiting positions with a large us hedge fund that defaulted on margin calls last week so we've played this as a tragedy or a comedy you know that's always the question if i go tragic. that would be one way to go down the tragedy path or i could g

that changes everything when lehman went under i first got the call that jpmorgan want to acquire bear stearnsk before you go does anything today feel like what we lived through what we witnessed, during the failure of lehman brothers, are you expecting, any -- you know, significant decline in this market given inflation, higher interest rates, spending,ets, et cetera, et cetera,. >> the fact extreme level speculation the fact one investor literally almost took down you know large financial institutions, that tells you the risk reward is aterrorious two to 4% upside, probably 30 to 40% down at the end of the day, you look at big banks in europe credit suisse, ubs they have a lot of exposure here we are hearing from clients going off to to be a capital raise or at the end of the day may be there may be, a force had the merge of ubs and credit suisse speculated in the market won't be a lehman type disaster, but it will calf be a shock coming, coming soon probably next about 30 to 60 days. >> wow. larry we will keep talking about this i know that credit suisse ubs story has been going on a while