Credit Suisse. Too big to fail, collapsed.

1.   How an international institute that once was brand of Switzerland, the reliable trustworthy Banking industry of the world, collapse?

a) How the Swiss National Bank along with other controlling Authority FINMA ( Swiss Financial Market Supervisory Authority)  failed to evaluate such tremendous collapse? 

b) Just a month before the collapse, SNB. issued the stress test report that indicates the good financial health of the Bank with $50 Billion equity, how is it that just a month later, CS bid amount was just $3 Billion? 

2. Switzerland has loose control, or advocate of deregulation or privacy of accounts holders, is it good strategy to grant such freedom to such big Managers especially in perspective of 2008 global financial crisis? 

3. Alan Greenspan the Ex Fed Chairman under George Bush was also advocate of deregulation, that deregulation ultimately result in global financial crisis of 2008. Is it that we failed to learn lessons from crisis of 2008?

4. What will be the immediate consequences of this collapse in whole banking industry of Switzerland as well as global financial industry?