CSPAN2 June 21, 2009
how bad things are? the fact you have groups like the germans who were insisting on talking about hedge funds and nothing else, which was not particularly helpful, one of the problems was that it was very hard to pinpoint the leverage and the scales of risk that were being taken in the system because there was not datum people were not looking in the right places so for example the scale built up on the balance sheets of on groups such as lynch and ups which had utterly disastrous implications towards the end of 2007, that was not been debated but it wasn't on the agenda and there wa...
Source: archive.org