Thank you so much for speaking to bloomberg tv. It is always a great pleasure. What lessons have we learned . Mr. King i hope we learned the lesson that this was bigger than financial crisis. It represented a serious problem in the world economy. I think that is the most important lesson. Second, we learned we need to worry not just about the amount of Equity Capital banks issue, we need to limit the leverage, but we also need to tackle the problem that banks are inherently unstable. People take their money out, or they dont roll over there letting, and we need to do that. Francine did we see early signs of it . Mr. King i think we saw signs in the world economy, and we should have given more weight to the rise of leverage in the Banking System. At that point, the banks themselves were deeply reluctant to admit what was going on was not sustainable. Francine at what point in the lead up to the financial crisis did you think there was something seriously wrong . Mr. King i give a speech
Rates to near joining me on zero. Leaders with lacqua, former bank of england governor mervyn king. Mervyn king thank you so much , for speaking to bloomberg tv. It is always a great pleasure. What lessons have we learned . Mr. King i hope we learned the lesson that this was bigger than just a this was bigger than just a financial crisis. It represented a serious problem in the world economy. I am sure not everyone sees it that way, but i think that is the most important lesson. Second, we learned we need to worry not just about the amount of Equity Capital banks issue, we need to limit the leverage, but we also need to tackle the problem that banks are inherently unstable. People lose confidence in them. They take their money out, or they do not roll over their lending and we need to do that. , francine did we see early signs of it, or will relate to the game . Mr. King i think we saw signs in the world economy, and we should have given more weight to the rise of leverage in the Banki
Korea higher by a percent overnight. Looking at the action in the European Equity markets. The futures picture here, the dax higher by 1. 6 italy up by 1 green arrows across the board. Looking at the action in crude wti, highest level yesterday since february of 2017 today up by 1. 2 55 is the level. Brent is at 61. 59, up by more than a percent we will have more on the strong markets in a moment first were getting new details on yesterdays terror attack in new york city. Eight people are confirmed dead. Dozens of others injured after a man deliberately drove a truck down a bike path in lore manhattan. Lets get toContessa Brewer live on the scene with the latest good morning good morning the home depot truck used as Deadly Weapon still sits in the intersection behind me, blocked off by crime scene tape and surrounded by investigators. This is a tactic that isis has called for, turning everyday vehicles into Deadly Weapons and it was successful yesterday. Eight people dead. The number o
My name is marcus lemonis, and i risk my own money to save struggling businesses. Were not gonna wake up every morning wondering if we have a job. Were gonna wake up every morning wondering how many jobs we have to do. Its not always pretty. Everythings gonna change. Everything. But i do it to save jobs, and i do it to make money. This. Lets go to work. Is the profit. Based in long island, new york, vision quest is a fullservice lighting manufacturer, handling everything from concept development, design, engineering, and fabrication. Larry make sure it goes in like that. Nice and professional. Lemonis for years, owner Larry Lieberman experienced serious growth, churning out custom fixtures for such bigname clients like abercrombie fitch, chanel, and universal studios. Larry take it to disney. Lemonis but a recent drop in revenue has drawn larry into a vicious circle. Jason highlow is officially dead. Larry oh, no. Lemonis anxious to control costs, hes cut much of his staff, hampering o
My name is marcus lemonis, and i risk my own money to save struggling businesses. Were not gonna wake up every morning wondering if we have a job. Were gonna wake up every morning wondering how many jobs we have to do. Its not always pretty. Everythings gonna change. Everything. But i do it to save jobs, and i do it to make money. This. Lets go to work. Is the profit. Based in long island, new york, vision quest is a fullservice lighting manufacturer, handling everything from concept development, design, engineering, and fabrication. Larry make sure it goes in like that. Nice and professional. Lemonis for years, owner Larry Lieberman experienced serious growth, churning out custom fixtures for such bigname clients like abercrombie fitch, chanel, and universal studios. Larry take it to disney. Lemonis but a recent drop in revenue has drawn larry into a vicious circle. Jason highlow is officially dead. Larry oh, no. Lemonis anxious to control costs, hes cut much of his staff, hampering o