Mervyn King: 'we knew the financial position was unsustainable.'

To end his guest edit former governor of the Bank of England Mervyn King discusses what he enjoyed about putting together a programme.

James Naghtie and Justin Webb also asked Lord King whether, a few years on from the financial crisis, he had a better idea of what caused it.

Lord King told Today: 'I think the real problem was there was a shared intellectual view that things were going well.'

"Now there were obvious imbalances, we knew the position was unsustainable, but it wasn't entirely obvious where it would come unstuck."

First broadcast on the Today programme 29th December 2014