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Bloomberg Surveillance

Surveillance: Change in China Strategy Is Worrisome, Roach Says

Bloomberg Surveillance

Bloomberg

Business News, News, Investing, Business

3.81.2K Ratings

🗓️ 21 December 2016

⏱️ 50 minutes

🧾️ Download transcript

Summary

Surveillance: Change in China Strategy Is Worrisome, Roach Says

Transcript

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0:00.0

With Bloomberg you get the story behind the story, the story behind the global birth rate,

0:04.7

behind your EV batteries environmental impact, behind sand. Yeah, sand, you get context.

0:10.8

And context changes everything. Go to Bloomberg.com to get context.

0:15.0

Who you put your trust in matters? Investors have put their trust

0:18.5

an independent registered investment advisors to the tune of four4 trillion. Why? Learn more at

0:25.1

find your independent advisor.com. Welcome to the Bloomberg Surveillance Podcast. I'm Tom Keene with David Gura.

0:44.5

Daily we bring you insight from the best in economics,

0:47.6

finance, investment, and international relations.

0:51.0

Find Bloomberg Surveillance on iTunes, SoundCloud, Bloomberg.com, and of course, on the

0:56.8

Bloomberg. We want to bring Leonel-Lorambeck with Bloomberg-Gadfly in London to talk to us

1:07.1

about Italian banking and the mystery of Mountedipossi.

1:09.7

Here's the chart quickly on Mountitiposki and this is a thousand euros and then two

1:16.0

hundred euros and then one hundred euros and we're down here at 18 right now I mean it's

1:21.4

been a total collapse of this bank.

1:23.7

Leonel, what I'm frustrated about is I have not seen one iota of discussion about what

1:30.8

it's going to cost the price of this transaction,

1:35.0

whether it's the price of bond to equity,

1:37.6

whether it's the yield taken on some form of bond,

1:40.8

or whether it's the actual dollar or euro figure that's going to be

1:44.7

happened. Is there any price being discussed?

1:50.4

That's a good question.

1:51.9

I look at the difficulty here is that all Italian banks have taken a big hit. It's not just Montepaski. The change that you've mentioned

...

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