BBC guest editor Mervyn King was governor of the Bank of England when the global economic crisis hit in 2008. Across the Atlantic his opposite number was Ben Bernanke, chairman of the Federal Reserve when Lehman Brothers went down in September of that year.
He stood down this year after 8 years and Mervyn King sat down with him in Washington to reflect.
On remaining calm during the midst of the crisis, Ben told Today: ‘if you’re ever in a car accident you’re solely focused on regaining control of the wheel and it’s only when the car stops spinning that you say oh my god that was really scary.’
Amid the turmoil in the public markets and the staggering macroeconomic environment, it should come as no surprise that the private markets are also struggling. In fact, there are some important links between private equity and the current economic environment. A closer look at PE reveals that the industry often serves as a leading indicator Read More
First broadcast on the Today programme 29th December 2014
Audio of Ben Bernanke, Mervyn King is embedded below (good stuff)