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there is definitely some money going in there. and also, i think, a really important part of the deal we re seeing here is what s happening to some commercial bonds in credit suisse. the so-called 81 bonds. now, we can get sort of more into what those mean, but essentially, about $17 billion worth of bonds are being written off. so you have to question how are investors in europe, investors in banking stocks and banking bonds going to feel tomorrow morning, given this one type of asset has essentially been written off, is worth absolutely nothing. and so going ahead into tomorrow, when we see the market open, that s what we ll be looking for this what is the effect? is there any contagion effect, do investors feel reassured, or will we see more of a week of a sell-off. and rana, do you see the fed s action playing into this crisis? well, not its action right at this moment, but longer term, yes. i mean, i think we are at this point, not because we re in a fm

Credit suisseWritten off7 billion17 billionMarket openContagion effect