Larry Fish, former CEO and Chairman of Citizens, talks about the crisis in a dialogue with Simon Johnson, Professor of Entrepreneurship at MIT Sloan School of Management.
It's got a really long (six minute!) introduction before Larry starts talking, then it gets interesting.
Good questions raised including:
- why did Canada, Brazil, Spain and Australia's banks dodge the crisis?
- how did we create a consumer-led crisis?
- how did bankers lose track of the importance of liquidity?
- is leveraging up to $70 to a $1 on deposit (as Deutsche Bank did) a good thing?
- what does this crisis say about ethics in America?
- is regulation enough to change behaviours?
- is Greed good?
- how much of a cushion do big banks really need to avoid failure?
- do we need to include insurers here as well?