A presentation by Bill Black disproves that TED only features elite-flattering conventional wisdom. Black in this talk recaps the findings of his book, The Best Way to Rob a Bank is to Own One, and uses those lessons to explain how banks caused the financial crisis and why it was completely avoidable.
This is a great piece to share with friends and who still aren’t sure why we had a crisis or are predisposed to blame it on greedy borrowers, as opposed to greedy and reckless financial services industry players.
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