157 - The Differences Between the Financial Crises of 2008 and 2023 - a podcast by Yana Afanasieva
from 2023-10-30T02:00
Inspired by Andrew Ross Sorkin’s insights on the topic, in this episode, I explore the differences between the financial crises of 2008 and 2023 and share my thoughts on which one was the most egregious.
If you found value in this episode, I would really appreciate if you could leave a review! My mission is to help and support as many FinTech startups as possible, and when you leave a positive review, more people can find this podcast and help their companies! If you are on Apple, just click here to review, select “Ratings and Reviews” and “Write a Review” and tell me what your favorite part of the podcast is.
Today's episode:
[00:38] An overview of today’s topic: comparing the 2008 and 2023 crises.
[00:56] The person who inspired this episode.
[01:38] Causes of the subprime mortgage crisis of 2008.
[02:58] How the more recent financial crisis differs from the previous one, according to Andrew Ross Sorkin.
[04:20] The Credit Suisse case study.
[06:17] How banks often explain away their inefficiencies and failures.
[07:06] What a conflict of interest is and an example of this concept in action.
[10:12] Reasons why I believe the 2023 crisis is worse than the 2008 crisis.
[11:58] Why compliance and risk functions are often excluded from important decisions.
Show links:
-
Interested in FinTech compliance? - consider investing in the FinTech Compliance Self-Starter Package!
-
I would love to invite you to sign up for my newsletter. If you are interested, please click here.
Further episodes of Compliance That Makes Sense
Further podcasts by Yana Afanasieva
Website of Yana Afanasieva