mohammed ceo of pimco and alexis glick has experience working on wall street and covering it and the ceo of the gen youth foundation. diane, start with you, bottom line, are there lessons from 2008 that can be applied today to avert another global financial crisis? well, we re already seeing them applied. the fact that central bankers are not really talking to each other before the financial crisis actually emerged in august of 2007 or july of 2007 was a major detriment to them dealing with it know and it became a shock in august of 2007 and they really didn t have the communication going. they ve. been planning different scenarios. the problem is they have fewer tools but the coordinated move this week shows that they actually are trying to learn from the lessons to continue to provide liquidity in a place where it has completely dried up in europe. alexis, does it show it is the central banks trying to speak with one voice, not the politicians? it looks like they re t
2008. central banks are taking coordinated actions to avoid a ledge mat threat of a credit freeze the likes of which we haven t seen since after the days of lehman s collapse in 2008. we all remember what happened then. the credit freeze closed businesses, factories, wipes out millions of jobs around the world. diane, let me start with you. bottom line, are there lessons from 2008 that can be applied today to avert another global financial crisis? well, we re already seeing them applied. the fact that central bankers are not really talking to each other before the financial crisis actually emerged in august of 2007 or july of 2007 was a major detriment to them dealing with it know and it became a shock in august of 2007 and they really didn t have the kpl communication going. they ve got fewer tools today than they once did but i think the coordinated move this week shows that they actually are trying to learn from the lessons to continue to provide liquidity in a place whe
because he says it creates instability in the markets, it s so short. in fact, instability and the downgrade in the markets will occur because of all of this reckless spending, but i m surprised that nobody in the white house is able, actually, to divide eight by 18. bret: not to mention the debt, the credit situation, that likely because of the debt situation is going to get downgraded anyway. yeah, it s a debt and it s not the debt light and the ceiling. bret: that s it for the panel. stay tuned to see one last appeal for a debt ceiling @@
because he says it creates instability in the markets, it s so short. in fact, instability and the downgrade in the markets will occur because of all of this reckless spending, but i m surprised that nobody in the white house is able, actually, to divide eight by 18. bret: not to mention the debt, the credit situation, that likely because of the debt situation is going to get downgraded anyway. yeah, it s a debt and it s not the debt light and the ceiling. bret: that s it for the panel. stay tuned to see one last appeal for a debt ceiling @@
because he says it creates instability in the markets, it s so short. in fact, instability and the downgrade in the markets will occur because of all of this reckless spending, but i m surprised that nobody in the white house is able, actually, to divide eight by 18. bret: not to mention the debt, the credit situation, that likely because of the debt situation is going to get downgraded anyway. yeah, it s a debt and it s not the debt light and the ceiling. bret: that s it for the panel. stay tuned to see one last appeal for a debt ceiling increase. motorcycles, boats, even rv s. nobody knows where he got his love for racing. all we know is, it started early. casey mears, driver of the number thirteen geico toyota camry. geico, saving people money on more than just car insurance.