jump to 2010 and enter philipp hildebrand, former economist, hedge fund manager, and central banker,e was ready to take on the lenders strongly advocating stricter capital requirements. today on "leaders with lacqua," we meet one of the most recognized names in swiss banking. he is now vice-chairman at blackrock, the world's biggest money manager, which handles more than $5 trillion in assets. so we are 10 years on from the financial crisis. what have we learned? philipp: well, we have learned that we had too much leverage in the system without any doubt. and that when you have leverage, bad things happen. not only do they happen, but when they happen, the effects tend to be amplified. so i think that is the key take away from it all. i think we have also learned that this notion of kind of letting the market be totally free, that governments really should get out of the way, that wasn't a very good idea. i think what stands out is banks needed much, much more capital than they had at the time. we had capital levels that were excessively low. i mean, in some cases, these banks, they

jump to 2010 and enter philipp hildebrand, former economist, hedge fund manager, and central banker, take on the lenders strongly advocating stricter capital requirements. today on "leaders with lacqua," we meet one of the most

jump to 2010 and enter philipp hildebrand, former economist, hedge fund manager, and central banker, take on the lenders strongly advocating stricter capital requirements. today on "leaders with lacqua," we meet one of the most

the books that laura hildebrand has done, unbroken, you know, the genre of historical nonfiction of which this falls in, thosech books kind of pave e way for publisher and commercial interest in books like this. taking what ostensibly is a sports story like rowers in the olympics almost 100 years ago, but making it into much plaintiff -- much more of a human interest story. in no way am i comparing my book to theirs. their books are phenomenal. the publishing world goes in cycles. a book works so then everyone wants the write a book in that genre, and maybe in a few years this genre of historical nonfiction related to sports may die away. and maybe in 20 years it'll come back again. so it just depends. yep. >> [inaudible] >> and i'll take one more question. [laughter] well, one more question. i'm going to ask myself a question. and say, brian, what is your one takeaway from writing this booksome -- book? brian, that's a great question. [laughter] i think the takeaway is that everybody's life is amazing. and to me, whether you fought in war or didn't, whether you've lived a very quiet life

hildebrand: check. this is a guy that was coaching high school nine years ago. >> it's uncanny. did you see after the phillies special play there's a closeup of the patriots, matt patricia. >> i love patricia. he's like but there was resignation like, all right, you got me. like you got me. i guess you're out of play. you beat me on that play and i got nothing. and that was what i saw. i saw doug win the game and by the way what he did with nick foles and what he did preparing him, look at those rpo s. you know rpos now, it's in your lexicon. you know it, watch how perfect nick foacialtion he put him in the perfect scenario to succeed. >> yes. >> it was afacing couching job:i think you could be the receive error the quarterback. the other thing is we've talked about all year, once he did these player meetings he let the players believe in themselves which i think is part of it, too . these guys were confident, loose, but not in a crazy way. they were loose enough to know they could win this game. well they were. breath far, interesting who spoke to the team on saturday said he n