BLOOMBERG Leaders With Lacqua November 19, 2017
We meet one of the most recognized names in swiss banking. We speak with the vicechairman of blackrock, the worlds biggest money manager. It handles more than 5 trillion in assets. After the financial crisis, what have we learned . Philipp we have 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, the effects 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 their way that , wasnt a good idea....