In this Wharton Leadership Lecture, former Merrill Lynch CEO John Thain offers his opinions as to what caused the crisis, what can be done to prevent it from happening again, and when it will be over -- not just for the financial industry but also for Main Street. This is the first in a series of three videos on the lecture, which include Thain's remarks to the audience, questions from the three-member panel and, finally, questions from the audience.
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."
Griffinltd 3 months ago
Superman/Clark Kent used to run Goldman Sachs, NYSE, and Merrill Lynch and currently running CIT group?
TheCarguy974 4 months ago
aaaaaahm, uhhhhm , aaaaa, uhhhhh ahhhhhh
SoulSnatching 5 months ago
ummmmmmm ummmmmmm ummmm........the guy in da beginning cant stop saying that...itz stupid
jojojijo1 5 months ago
he seemz quite a nerd.....nd an ass
jojojijo1 5 months ago
he seemz quite a nerd.....
jojojijo1 5 months ago
this guy is a fucking prof? aaaaaaaaaaaah ahhhhhhhhh wtf......lol my profs at Queen's Commerce are much better than this shit.
nbilkis 6 months ago
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 8 months ago
This is rich. Invite one of the largest contributors of the meltdown to reshape history. John Thain is a sociopath, plain and simple.
GrungeFan9230 8 months ago
Does anyone know what book is he talking about at 10:01?
wirespp1 10 months ago