John Thain on the Financial Crisis and Beyond, Part 1

[Griffinltd]

What the fuck, this man was actively complicit in everything that caused the collapse. I'm almost mind blown that he admitted the fault of the Banks, not enough regulation and obscene amounts of bonuses. Yet, he's doing the exact same thing at CIT as he was at Merrill.. nothing has changed. Classic example of, "do what I say, not what I do."

[TheCarguy974]

Superman/Clark Kent used to run Goldman Sachs, NYSE, and Merrill Lynch and currently running CIT group?

[SoulSnatching]

aaaaaahm, uhhhhm , aaaaa, uhhhhh ahhhhhh

[jojojijo1]

ummmmmmm ummmmmmm ummmm........the guy in da beginning cant stop saying that...itz stupid

[jojojijo1]

he seemz quite a nerd.....nd an ass

[jojojijo1]

he seemz quite a nerd.....

[nbilkis]

this guy is a fucking prof? aaaaaaaaaaaah ahhhhhhhhh wtf......lol my profs at Queen's Commerce are much better than this shit.

[GrungeFan9230]

18:10 "I don't think there's anything inherently evil about bonuses."

How about $50M bonuses to executives who encouraged & created predatory financial instruments?

[GrungeFan9230]

This is rich. Invite one of the largest contributors of the meltdown to reshape history. John Thain is a sociopath, plain and simple.

[wirespp1]

Does anyone know what book is he talking about at 10:01?

[mindfield666]

"aaaaaaaaaaaaaaaaaaaaaaaaaahhh­hhhhhhhhhhhhhhhhhhhhhh".......­..

[hansonkewl06]

This is a lecture @ Wharton? Why would I pay to the school to listen to this crap?

[tantrumboy]

btw..Thank you so so much for posting this!!

[tantrumboy]

Thain is the man!

[rl0u8888]

Correction Mr. Professor. Thain wasn't the one who wanted the merger with BAC...he only wanted to sell a 10% stake in Merill. It was all thanks to Greg Fleming who negotiated the merger at $29/Share (completely ripping off BAC) and convinced the unwilling Thain to do a merger.

[BLONDIE11230]

This is a Wharton lecture? They sound like a bunch of morons that any simplton knows. I could not even listen to this Jeremy character. This is why our countries finances are in the dust.

[berlinboxster]

is Jeremy Segal really a prof. at Wharton?

[veritas327]

Yea Thain is a rockstar. Who is this Jeremy Segal Guy?? For a Wharton Prof his questions blow!!!

[uxev]

go thain!!