Page 2 - Singular Event News Today

>> what will you see then which we could do that were not doing? in terms of somehow preventing another crisis like the one we just -- >> theres two issues. we need to think long and hard about the banks themselves, whether they will precipitate the next crisis. they are bigger than ever. they are too big to fail squared. the top ten banks in this country now control 75% of the bank assets. think about this concentration and what that means if one of them goes down. >> terrifying. >> the second ...

So far weve been able to push it into the future, and we always think were going to get hfd it, but at some point we may not. >> like james was saying before, these things are often governed by a singular event. something could happen that damages the economy big-time. >> and its usually something were not thinking about. >> its a great book, great movie, and great story. its a story that people ought to go and see because that way lessons may be learned. >> thank you for your passion on it, by ...

you can blame the bankers that went wild. regulators that werent minding the store. >> what goes on behind closed doors on wall street? >> we stand strong, and on the other side well eat golden sludge. >> could it happen again? >> i dont think anybody realized that we were within a day away from a major international catastrophic and economic meltdown. >> james wood from "too big to fail," andrew ross sorkin, the man who wrote the book on the crisis. this is "piers morgan" tonight. g...

agencies. you can blame congress. you can blame the bankers that went wild. regulators that werent minding the store. >> what goes on behind closed doors on wall street? >> we stand strong, and on the other side well eat golden sludge. >> could it happen again? >> i dont think anybody realized that we were within a day away from a major international catastrophic and economic meltdown. >> james wood from "too big to fail," andrew ross sorkin, the man who wrote the book on the crisis. t...

>> you can blame greenspan. can you blame the rating agencies. you can blame congress. you can blame the bankers that went wild. regulators that werent minding the store. >> what goes on behind closed doors on wall street? >> we stand strong, and on the other side well eat golden sludge. >> could it happen again? >> i dont think anybody realized that we were within a day away from a major international catastrophic and economic meltdown. >> james wood from "too big to fail," andrew ros...