BLOOMBERG Leaders With Lacqua November 16, 2017
We meet in the vicechairman of blackrock, the worlds biggest money manager which handles more than 5 trillion in assets. 10 years on from the financial crisis, what have we learned . We learned we had too much leverage in the system. When you have too much leverage, bad things happen and the effects tend to be amplified. That is the key take away from it all. We have learned this notion of letting the market be totally free and governments should get out of the way, that is not a good idea. Thanks needed much more capital than they had at the time, capital levels were excessive. Some of these ...