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CNN Fareed Zakaria GPS July 6, 2024 - Vimarsana News

CNN Fareed Zakaria GPS July 6, 2024

rescuing again. i'll ask one of the people who was at the center of the storm the last time around, the former ceo of goldman sachs lloyd blankfein about whether the system is stable, and is your bank account safe? also, how did it come to this? did we learn the wrong lessons the last time? i'll talk to julian tet of "the financial times." then -- don't mess with the french people's retirement plans. that's the lesson from weeks of strikes and protests and then chaos in parliament as the government pushed through their policy anyway. [ speaking non-english ] >> which brought the outr...

CNN Fareed Zakaria GPS June 4, 2024 17:14:00 - Vimarsana News

CNN Fareed Zakaria GPS June 4, 2024 17:14:00

The systemic risk to the entire system so the dragnet picks up everybody when you do it, but it opens up the -- what you're asking, what i think, is really the policy question of guaranteeing deposits and that's something that will have to be worked through. we have a $250,000 cap on what the government will guarantee. how sensible is that? the words that get tossed around is moral hazard and that is if you protect these depositors they and other depositors in the future won't be so careful where they leave their money and if they're not so careful this situation is likely to recur, and the im...