The Big View

The presidency of the Richmond Fed, whose territory included two top U.S. banks, offered a unique window on the financial crisis. Wachovia needed rescuing and BofA’s deal to buy Merrill Lynch nearly collapsed. Lacker reflects on what went down and where finance is headed. See acast.com/privacy for privacy and opt-out information. Learn more about your ad choices. Visit megaphone.fm/adchoices

Even before Lehman Brothers went belly-up, the U.S. Treasury was hatching a contingency plan. Kashkari was one of the architects of the Troubled Asset Relief Program, which plugged some $250 bln into banks. He joins Rob Cox from his current perch running the Minneapolis Fed. See acast.com/privacy for privacy and opt-out information. Learn more about your ad choices. Visit megaphone.fm/adchoices

The chair of U.S. bank regulator FDIC in 2008 recalls how competition and disagreements between watchdogs contributed to the crash. A decade later, despite leaving the industry, she still feels an obligation to warn of the dangers of rolling back some post-crisis reforms. See acast.com/privacy for privacy and opt-out information. Learn more about your ad choices. Visit megaphone.fm/adchoices

Margrethe Vestager has taken on Apple, Facebook and Google as Europe’s antitrust commissioner, leaving behind huge fines and bruised feelings. She talks with John Foley about Silicon Valley’s missteps, Europe’s challenges and what she’s buying on Amazon – her latest target. See acast.com/privacy for privacy and opt-out information. Learn more about your ad choices. Visit megaphone.fm/adchoices

As the chief executive of Citigroup, Pandit engineered the bank’s rescue and recovery from the crisis ten years ago. He swung by Times Square to discuss lessons learned, the things that still worry him and where he’s placing his bets on the future of the financial industry. See acast.com/privacy for privacy and opt-out information. Learn more about your ad choices. Visit megaphone.fm/adchoices

President Trump’s first National Economic Council director and former Goldman Sachs No. 2 discusses the financial crisis and its aftermath with Gina Chon. He also gives his take on tax cuts and trade, and explains why JPMorgan boss Jamie Dimon would make a “phenomenal” president. See acast.com/privacy for privacy and opt-out information. Learn more about your ad choices. Visit megaphone.fm/adchoices

The senior Democrat on the U.S. House Financial Services Committee recalls the lack of answers that lawmakers had in the wake of the 2008 financial crisis. Gina Chon went to Congress to discuss that period and find out her priorities if she takes over the banking committee. See acast.com/privacy for privacy and opt-out information. Learn more about your ad choices. Visit megaphone.fm/adchoices

On the day Lehman Brothers went belly-up, Merrill Lynch sold itself to Bank of America. As president of the “Thundering Herd,” Fleming was the architect of that transaction. In conversation with Rob Cox, he defends the deal, reminisces on the crisis and discusses his new venture. See acast.com/privacy for privacy and opt-out information. Learn more about your ad choices. Visit megaphone.fm/adchoices

Barney Frank helped craft the post-crisis rules that put banks back on track. He talks with John Foley about how politics has made the system more fragile, why populism thrived on the right but fizzled on the left, and what it was like to be one of the few openly gay lawmakers. See acast.com/privacy for privacy and opt-out information. Learn more about your ad choices. Visit megaphone.fm/adchoices

In the first of our “Ten Years After” series, Peter Thal Larsen talks to Adam Tooze. The Columbia University history professor joins the dots from the 2008 crash to Brexit and U.S. elections, noting a declining faith in U.S. willingness to be the global lender of last resort. See acast.com/privacy for privacy and opt-out information. Learn more about your ad choices. Visit megaphone.fm/adchoices

Over two decades at General Electric, former Vice Chair Beth Comstock had a window seat on the industrial group’s attempts to adapt to changes in technology and markets. She popped by Times Square to discuss GE, and how she became the company’s most senior female executive. See acast.com/privacy for privacy and opt-out information. Learn more about your ad choices. Visit megaphone.fm/adchoices

Pete Sweeney hits the RISE tech conference in Hong Kong and hears pitches on vegan cryptocurrency, fog computing and big data for shrimp farmers. Trade tensions haven’t dented enthusiasm, but venture capitalists expect a correction to flush the dumb money from the market. See acast.com/privacy for privacy and opt-out information. Learn more about your ad choices. Visit megaphone.fm/adchoices

Carlo Cottarelli talks about how he nearly led a caretaker government after President Sergio Mattarella last month rejected a euroskeptic finance minister put forward by the parties that won March elections. The former IMF economist has some advice for Italy’s new bosses. See acast.com/privacy for privacy and opt-out information. Learn more about your ad choices. Visit megaphone.fm/adchoices

Former Australia Prime Minister Kevin Rudd gives the U.S. president some credit for his dealings with North Korea’s Kim Jong Un. But he explains that Donald Trump’s protectionism has enraged China’s leaders and may play into the hands of the country’s own nationalists. See acast.com/privacy for privacy and opt-out information. Learn more about your ad choices. Visit megaphone.fm/adchoices

John Carreyrou, the author of “Bad Blood,” explains how Elizabeth Holmes used fear and Silicon Valley myth-making to temporarily become a multi-billionaire – and how he exposed that the $9 bln company’s technology didn’t work. See acast.com/privacy for privacy and opt-out information. Learn more about your ad choices. Visit megaphone.fm/adchoices

Not everyone has been a winner from globalization. Eurasia Group founder Ian Bremmer talked to Amanda Gomez about his book “Us vs. Them: The Failure of Globalism” and discussed what political and business leaders can do to make the world economic system work for all. See acast.com/privacy for privacy and opt-out information. Learn more about your ad choices. Visit megaphone.fm/adchoices

Southeast Asia's largest economy has seen a flurry of homegrown tech successes, led by $5 billion ride-hailing firm Go-Jek. Willson Cuaca of East Ventures and Donald Wihardja of Convergence Ventures explain why, and how, Jakarta can keep the hits coming. See acast.com/privacy for privacy and opt-out information. Learn more about your ad choices. Visit megaphone.fm/adchoices

The OPEC member’s mismanaged economy is in freefall and its oil output collapsing. Siobhan Morden, head of Latin America fixed-income strategy at Nomura Securities, tells Martin Langfield how President Nicolas Maduro may lose power even if he wins a controversial May 20 election. See acast.com/privacy for privacy and opt-out information. Learn more about your ad choices. Visit megaphone.fm/adchoices

Central bankers emerged from the financial crisis with more clout than ever before. Can this be reconciled with democratic legitimacy? Former Bank of England Deputy Governor Paul Tucker explains why monetary authorities have become “overmighty citizens”, and how to rein them in. See acast.com/privacy for privacy and opt-out information. Learn more about your ad choices. Visit megaphone.fm/adchoices

President Xi Jinping wants to make China great again – but his “third revolution” has brought censorship, protectionism and military standoffs. China scholar Elizabeth Economy’s new book explains Xi’s muscular new approach, and offers suggestions on how the West should respond. See acast.com/privacy for privacy and opt-out information. Learn more about your ad choices. Visit megaphone.fm/adchoices

Cate Lamb works with shareholders managing some $90 trln of assets to push companies to address water-scarcity and flood risks. She explains what can be done to mitigate the problem – and how doing too little costs businesses billions and can sink economic growth. See acast.com/privacy for privacy and opt-out information. Learn more about your ad choices. Visit megaphone.fm/adchoices

Pier Carlo Padoan, who has run Rome's Ministry of Economy and Finance for the past four years and under its last two prime ministers, says Italy must continue economic reforms no matter who wins elections in March. Padoan also predicts no "Italian surprise" at the polls. See acast.com/privacy for privacy and opt-out information. Learn more about your ad choices. Visit megaphone.fm/adchoices

Fresh from successfully gaining a seat on the board of Procter & Gamble, the biggest proxy fight in corporate American history, the founder and CEO of Trian Fund Management sat down for a discussion at Times Square on how investors can better engage with, and improve, the companies they own. See acast.com/privacy for privacy and opt-out information. Learn more about your ad choices. Visit megaphone.fm/adchoices

Hong Kong’s plan to welcome super-voting stock weakens corporate governance, but its appeal to Chinese tech companies also may be exaggerated. Officials from Credit Suisse, BlackRock, PCCW Media and Bain Capital debated the upcoming changes at a recent Breakingviews event. See acast.com/privacy for privacy and opt-out information. Learn more about your ad choices. Visit megaphone.fm/adchoices

The King’s College London professor explains how last year’s vote to leave the European Union became the UK’s defining political issue. He says longer-term political undercurrents helped tip the balance towards Leave – and will dictate the type of Brexit the country ends up with. See acast.com/privacy for privacy and opt-out information. Learn more about your ad choices. Visit megaphone.fm/adchoices

Will Amazon choose New Jersey's largest city as the location for its second headquarters? That's what hometown native Baraka is hoping - and he's lobbying hard to make it happen, even trying to cajole neighboring New York City to play a role in swaying the e-commerce juggernaut's decision. See acast.com/privacy for privacy and opt-out information. Learn more about your ad choices. Visit megaphone.fm/adchoices

How bad will the Republican tax plan be for New York City? Alicia Glen, who looks after economic development for America's largest city, says it will hit 700,000 taxpayers and depress property values. But it won't make the Big Apple any less appetizing for the best and brightest. See acast.com/privacy for privacy and opt-out information. Learn more about your ad choices. Visit megaphone.fm/adchoices

The president of Yes California leads a campaign arguing that the Golden State should become an independent country – an idea increasingly referred to as Calexit. He explains why secession would be good for the state’s economy and how he’ll get the rest of the nation to buy in. See acast.com/privacy for privacy and opt-out information. Learn more about your ad choices. Visit megaphone.fm/adchoices

The longtime Asia bull and Quantum Fund co-founder thinks the worst bear market of his lifetime is coming. He swung by our Hong Kong bureau to discuss the risks, as well as Trump’s Asia tour and why America could become its own worst enemy if it lets China dominate the region. See acast.com/privacy for privacy and opt-out information. Learn more about your ad choices. Visit megaphone.fm/adchoices

From Goldman Sachs partner to Fortress founder and now bitcoin trader, the chief executive of Galaxy Investment Partners has something of a Midas touch. He swings by Times Square to talk about how he's making a killing with a new hedge fund betting on crypto-currencies. See acast.com/privacy for privacy and opt-out information. Learn more about your ad choices. Visit megaphone.fm/adchoices

The investor sued Kleiner Perkins for discrimination, becoming a canary in the coal mine for a raft of sexual-harassment and gender-bias allegations rocking Silicon Valley, Hollywood and beyond. She discusses if this is a turning point for what she describes as a systemic problem. See acast.com/privacy for privacy and opt-out information. Learn more about your ad choices. Visit megaphone.fm/adchoices

The congressman and chair of the Freedom Caucus thinks neither Republicans nor Democrats have had success in being the governing party. The Exchange went to his office to discuss what that means for tax reform and other issues, and why members of Congress could lose their jobs. See acast.com/privacy for privacy and opt-out information. Learn more about your ad choices. Visit megaphone.fm/adchoices

The NYU marketing guru swung by Times Square to discuss what's next for "The Four" tech behemoths - Google, Apple, Amazon and Facebook. Among his predictions: one of them will be hit with a $10 bln-plus antitrust fine and Amazon will choose New York for its second headquarters. See acast.com/privacy for privacy and opt-out information. Learn more about your ad choices. Visit megaphone.fm/adchoices

Hartford is one of America's poorest cities in one of its richest states. And it's about to get worse for Connecticut's capital as Mayor Luke Bronin wrestles with a fiscal crisis that's likely to end in a bankruptcy filing. Rob Cox dropped in on the former naval officer and Rhodes Scholar to hear his vision for reviving Hartford. See acast.com/privacy for privacy and opt-out information. Learn more about your ad choices. Visit megaphone.fm/adchoices

There is almost nothing that the Trump administration is doing right on tax, trade, immigration, infrastructure, energy or regulatory policy. At least that's the view of the economist who spent eight years working for the previous White House. Jason Furman swings by Times Square to offer his views on the American economy. See acast.com/privacy for privacy and opt-out information. Learn more about your ad choices. Visit megaphone.fm/adchoices

U.S. Republicans are pursuing the holy grail of Washington policy: tax reform. The last comprehensive overhaul was in 1986 under Ronald Reagan. The Exchange met with Reagan adviser Art Laffer, known as the father of supply-side economics, to discuss the prospects for reform today. See acast.com/privacy for privacy and opt-out information. Learn more about your ad choices. Visit megaphone.fm/adchoices

Harvard Business School has trained world leaders, like President George W. Bush, and billion entrepreneurs, including Steve Schwarzman and Mike Bloomberg. It also churned out convicted felons like Enron's Jeff Skilling and former McKinsey boss Raj Gupta. Duff McDonald, author of “The Golden Passport,” discusses the seamier side of Harvard's teachings with Rob Cox. See acast.com/privacy for privacy and opt-out information. Learn more about your ad choices. Visit megaphone.fm/adchoices

After half a century of strife, FARC guerillas are laying down their weapons and integrating into Colombia's political landscape, creating economic opportunities for the South American nation. The Exchange traveled to Bogota to discuss potential dividends from peace, infrastructure investment and the economy with Colombia's finance minister. See acast.com/privacy for privacy and opt-out information. Learn more about your ad choices. Visit megaphone.fm/adchoices

Why didn't any Wall Street bigwigs go to jail over the 2008 financial crisis? Unlike the failures of Enron, WorldCom and other corporate calamities, the collapses of Lehman Brothers and Bear Stearns necessitated taxpayer bailouts, incinerated billions of dollars of retiree savings and torpedoed the global economy yet resulted in no criminal indictments. ProPublica reporter Jesse Eisinger argues that's because prosecutors joined "The Chickenshit Club," which is also the title of his new book. See acast.com/privacy for privacy and opt-out information. Learn more about your ad choices. Visit megaphone.fm/adchoices

The system of political and economic openness built after World War Two is under threat, Bill Emmott argues in his new book "The Fate of the West." He joins us to discuss globalization, populism and why there's still cause for optimism about the future of liberal democracies. See acast.com/privacy for privacy and opt-out information. Learn more about your ad choices. Visit megaphone.fm/adchoices

The mayor of Milan celebrated his first year in office as authorities completed Italy's largest bank bailout. The Exchange visited Milan's city hall, the 16th century Palazzo Marino, to hear Mayor Sala's plans for making the city a post-Brexit financial capital. See acast.com/privacy for privacy and opt-out information. Learn more about your ad choices. Visit megaphone.fm/adchoices

During the 2016 campaign, Donald Trump suggested the United States revisit the gold standard. So did his rivals Ted Cruz, Rand Paul and Ben Carson. Why are Americans so obsessed with the precious metal, both as a store of value and an investment? James Ledbetter swings by Times Square to discuss his new book, "One Nation Under Gold." See acast.com/privacy for privacy and opt-out information. Learn more about your ad choices. Visit megaphone.fm/adchoices

As co-founder and CEO of Ares, Tony Ressler oversees the management of $100 billion. During a recent conversation in Los Angeles, he talked about the bull market under President Trump, his firm's struggling investment in Neiman Marcus and the rising cost of higher education. See acast.com/privacy for privacy and opt-out information. Learn more about your ad choices. Visit megaphone.fm/adchoices

As chief economist at Salomon Brothers in the 1970s, Henry Kaufman was known as Dr. Doom for his gloomy prognostications about the economy and markets. Kaufman swung by Times Square to discuss the "Trump bump," the Fed, Wall Street culture and lessons learned at Salomon and beyond. See acast.com/privacy for privacy and opt-out information. Learn more about your ad choices. Visit megaphone.fm/adchoices

The first episode of our "Summer Reading" series kicks off on a musical note. The Governors Ball co-founder discusses the economics of putting on a music festival, the business of live music and life as part of Live Nation, the world's largest concert-promotion company. See acast.com/privacy for privacy and opt-out information. Learn more about your ad choices. Visit megaphone.fm/adchoices

Support for Donald Trump's presidential campaign is thin on Wall Street. The financial industry has by and large cast its bet with his Democratic rival Hillary Clinton. Not Anthony Scaramucci. The founder of SkyBridge capital, who once backed fellow Harvard Law graduate Barack Obama, is now one of the New York real estate developer's economic advisors. Scaramucci swung by Times Square to discuss why he's with Trump, and the impact that decision has had on his business and life among the financial elite. The Exchange is a regular conversation with influential and interesting people hosted by Rob Cox, global editor of Breakingviews, the financial commentary publication of Thomson Reuters. From Reuters’ global headquarters in New York’s Times Square, Rob and his colleagues debate and discuss trends in finance, business and economics with those who shape them, from central bankers and corporate executives to authors and artists. See acast.com/privacy for privacy and opt-out information. Learn more about your ad choices. Visit megaphone.fm/adchoices

With the U.S. presidential election entering its final days, the jockeying for prime roles in helping shape economic policy has begun in earnest. Who will run the Department of Treasury? Who will advise the next occupant of the White House on economic policy? What about the U.S. Trade Representative or Commerce Secretary? And what happens if Janet Yellen is a one-term Federal Reserve chair? Ben White, chief economic correspondent at Politico, and Gina Chon, Washington columnist for Breakingviews, help answer these questions and more. The Economic Dream Team Machine: http://www.reuters.com/economic-dream-team The Exchange is a regular conversation with influential and interesting people hosted by Rob Cox, global editor of Breakingviews, the financial commentary publication of Thomson Reuters. From Reuters’ global headquarters in New York’s Times Square, Rob and his colleagues debate and discuss... See acast.com/privacy for privacy and opt-out information. Learn more about your ad choices. Visit megaphone.fm/adchoices

Donald Trump has made a lot of promises to spur U.S. economic growth if he becomes president. Judy Shelton, co-director of the Sound Money Project, is one of the economists working with the GOP nominee to turn this pledge into action. She sat down with us in Washington recently to discuss her views on global finance and monetary issues. The Exchange is a regular conversation with influential and interesting people hosted by Rob Cox, global editor of Breakingviews, the financial commentary publication of Thomson Reuters. From Reuters’ global headquarters in New York’s Times Square, Rob and his colleagues debate and discuss trends in finance, business and economics with those who shape them, from central bankers and corporate executives to authors and artists. See acast.com/privacy for privacy and opt-out information. Learn more about your ad choices. Visit megaphone.fm/adchoices

Want to know which emerging markets will thrive and which will fail? Listen to Morgan Stanley Investment Management's chief global strategist as he ticks through his ten metrics for determining the fate of economies. Hint: China is in a bad place. His new book, "The Rise and Fall of Nations" has some lessons for the developing world to consider, too. Description: The Exchange is a regular conversation with influential and interesting people hosted by Rob Cox, global editor of Breakingviews, the financial commentary publication of Thomson Reuters. From Reuters’ global headquarters in New York’s Times Square, Rob debates and discusses trends in finance, business and economics with those who shape them, from central bankers and corporate executives to authors and artists. See acast.com/privacy for privacy and opt-out information. Learn more about your ad choices. Visit megaphone.fm/adchoices

James Burnett, editor of The Trace, an independent, non-profit media organization dedicated to expanding coverage of guns in the United States, swings by Times Square to discuss legislative responses to the horrific killing of 49 people at an Orlando nightclub, and the role firearms regulation will play generally in the upcoming presidential election. The Exchange is a regular conversation with influential and interesting people hosted by Rob Cox, global editor of Breakingviews, the financial commentary publication of Thomson Reuters. From Reuters’ global headquarters in New York’s Times Square, Rob debates and discusses trends in finance, policy, business and economics with those who shape them, from central bankers and corporate executives to authors and artists. See acast.com/privacy for privacy and opt-out information. Learn more about your ad choices. Visit megaphone.fm/adchoices