efficiently supervised and the formerly largest bank is sold to an investment group that includes way, john schon. he leads the negotiations at the time. they learn less from how they got into the prices, but they fundamentally restructure the banking system. brought a credit culture sold that week, banks to for a master's like ourselves, recapitalized though spanish and then more importantly adopted a risk management system. so they prevented themselves from being exposed to a lot of loans are risky loans. and that is why 12008 came the asian backs or in their, the shaped, ah, in late 1998 hong kong is attacked by hedge funds lead again by george soros. they bet on falling stock prices. and the valuation of the hong kong dollar as a result of the severe recession in southeast asia. but hong kong is able to fight back with the city government and central bank together erecting a firewall of hard currency. with over $400000000000.00. speculation collapses. it is exactly the same strategy that is used to restore confidence in the global financial system in the western world in 2008, 10 years later