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[Music] foreign [Music] to the rest of this politics question time with me Rory Stewart and me Alistair Campbell and I want to start Rory with a question that shows the unbelievable prescience of some of our listeners this is a question that we got last October the 3rd of October from somebody called George Rose how scared should we be about current Credit Suisse CDs levels did the Global Financial systems learn anything from 2008 well I mean why did we not answer that exactly so firstly for this is cdss credit default swaps and that is what six days ago really began the collapse of Credit Suisse but obviously George Rose was onto it in October and is this related to the Silicon Valley Bank problems its a domino thing yes yes absolutely basically people were so panicked by the collapse of Silicon Valley Bank that they began looking around for other Banks to be panicked by and people began withdrawing money from one of the weaker of the major Banks World which is Credit Suisse and ess
