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FBC Cavuto Coast To Coast December 28, 2017

After that. This is week to 10 days worth of subfreezing temps for a lot of big cities in the east. That is very impressive. We havent seen cold like this since the polar vortex from a few years ago. David what about erie, pennsylvania . I have got to focus on one little town. Not so little if you live there. My grandmother is from eerie. Five feet so far. Theyre getting a another major snowstorm by this weekend. They could end up with 10 feet before long. It is amazing. That is what you get arctic air going over relatively warm, unfrozen waters ever the great lakes. That is why the rest of big cities in the east dont have the snow with arctic air mass. The air is too dry. You know moisture to deliver the snowfall totals. That is it what the great lakes do. I will say, david, next week, january 3rd or fourth, middle of next week. We could get gulf and atlantic moisture involved in the arctic up break, big cities on east coast have to watch for a potential big snowstorm. That is a few d ....

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BLOOMBERG Leaders With Lacqua January 1, 2018

Recognized names in swiss banking. He is now vicechairman of at blackrock, the worlds biggest money manager, which handles more than 5 trillion in assets. So we are 10 years on from the financial crisis. What have we learned . Philipp we have learned that we had too much leverage in the system without any doubt. And that when you have leverage, bad things happen. Not only do they happen, but when they happen, the effects tend to be amplified. So i think that is the key take away from it all. We have also learned that this notion of kind of letting the market be totally free, that governments really should get out of the way, that wasnt a very good idea. I think what stands out is banks needed much, much more capital than they had at the time. We had capital levels that were excessively low. I mean, in some cases, these they were these banks were , leveraged nearly 100 times. And that, to me, has always been the key takeaway. In fact, in some case in some ways i wish we had focused more ....

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