Detailed text transcripts for TV channel - CNN - 20180205:20:29:00
All major banks have increased the amount of provision against those loans. however, as a result of the fed's work, even worst case scenario from stress testing, it shouldn't be anywhere near what we saw back in 2008. >> that's a great point. richard is absolutely right, that the financial system, the formal panicking system itself is definitely safer than it was, no question. banks have offloaded a lot of their riskiest stuff. the shadow banking center, hedge funds. that's interesting to me is the fundamental lesson, it's a deep one, but i don't think we have learned, we haven't shifted our e...
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