John Thain on the Financial Crisis and Beyond, Part 1

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.

Category:

Education

Tags:

• Wharton
• Leadership
• Lecture
• MBA
• undergraduate
• business
• education
• John
• Thain
• Merill
• Lynch
• Financial
• Crisis
• the
• American
• dream

[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?