Obama adviser: market risk highest in years

Mark Gallogly, a member of President Barack Obama's Economic Recovery Advisory Board and co-founder of Centerbridge Partners, tells the FT’s Henny Sender that markets are potentially more risky now than they were at the height of the financial crisis because governments around the world have divergent policy responses. Mr Gallogly says that when governments choose different policy directions at the same time, there is a heightened opportunity for mistakes.