BLOOMBERG Leaders With Lacqua December 7, 2017
, we speak with the vicechairman of blackrock, the worlds biggest money manager, which handles more than 5 trillion in assets. After the financial crisis, what have we learned . Philipp we have too much had too much leverage in the system without any doubt. When you have too much leverage, bad things happen. Not only do they happen, but when they happen, things tend to be amplified. Thats the key thing. We have also learned that this notion of letting the market be totally free, that governments should get out of the way, that wasnt a good idea. What stands out is banks needed much more capita...
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