Satyajit Das talks about global debt deleveraging and the big Ponzi scheme
2nd Apr 09, 6:05pm
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Satyajit Das, former derivatives trader, talks with Andrew Patterson on Radio Live's Sunday Business programme about the global deleveraging to come. He concludes banks need another US$1-3 trillion of capital and says the world's debt markets are effectively a giant Ponzi scheme. Satyajit Das is a risk consultant and author of Traders, Guns & Money: Knowns and Unknowns in the Dazzling World of Derivatives (2006, FT-Prentice Hall)
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