Managed Change News Today

Chief Olu Falae, banker, administrator, politician, former Secretary to Government of the Federation (SGF) and Finance Minister, speaks with HAKEEM

Amount of contagion as they say in the financial markets, meaning people will go back to them, sideline and wait. that will drive equity prices lower. oil prices will go up because this is the middle east, and next thing you know, the global economy now has a massive head wind in terms of oil prices and has also to deal with high risk aversion or if you like, less animal spirit that leads to production employment and spending. the good scenario is that the different parties in egypt, the governm...

That will cause a significant amount of contagion as they say in the financial markets, meaning people will go back to them, sideline and wait. that will drive equity prices lower. oil prices will go up because this is the middle east, and next thing you know, the global economy now has a massive head wind in terms of oil prices and has also to deal with high risk aversion or if you like, less animal spirit that leads to production employment and spending. the good scenario is that the different...

Different parties in egypt, the government on the one hand, the opposition movements can come to an agreement on what they mean by managed change. and if they can come to an agreement about what they mean by managed change. that would reduce the systemic risk, allow all prices to start coming down and allow the global economy to continue to recover from the global financial crisis. >> as an egyptian, and i ask you that again, because im interested in what you feel personally here. are you please...

They have they have come around to the idea that it is over for president mubarak right now. i dont think they want him to get on a plane tonight. i think they do see him eventually leave egg the scene but want to do it in a way that is gradual and they are very concerned about him leaving the country, leaving a vacuum. a lot of u.s. national security interests at stake. so they are really pushing this idea of managed change, a process through september where a political opposition can develop, ...

Undiplomatic question? does the obama administration want to see hosni mubarak hang on? do they want to see him remain as president of egypt? >> i keep hearing this phrase, managed change. i think jon alterman had it about right. they want to see a political process where people are brought in, a national dialogue, if you will, going beyond the elites, talking about job creation, talking about how to alleviate some of the social and economic frustrations in the country. i think theyd like to see...

Proposition for the united states. so i keep hearing that phrase, managed change. not right now, i dont think they want to see him go, but ultimately they would like to see a more democratic face in egypt. >> elise labatt in washington. thank you very much. our next guest is the author of "the last pharaoh" mubarak and the uncertain future of egypt in the obama age. he also ran against president mubarak in the 2005 ehekz. >> he joins us live from chicago. you not only predicted a revolt agains...