2min chapter

The Munk Debates Podcast cover image

Friday Focus: Financial Turmoil – Robert Kaplan

The Munk Debates Podcast

CHAPTER

The Bank of England

"When I watched the bank make that move, I must say my jaw dropped," he said. "My jaw dropped up because you were right that this reaffirms too big to fail." He added: "We saw it in the U.S., where big institutions ... privatize the upside and socialize the downside"

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