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Inside Job
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Inside Job
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Inside Job
IV : Accountability
Top Executives were paid bonuses instead of
being fired
Bankers complained Regulators did not do their
job
$5 Billion for lobbying & campaign contributions
Academic Economists advocated for deregulation
Conflicts of interest as these economists were
consultant to companies
Inside Job
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A few lessons..
Beware of complex financial instruments.
Do not believe in Rating agencies Just
Opinions.
Ensure that warning signals are investigated on
time and arent ignored.
Before paying your employees huge bonuses,
check if you could repay your customers if the
company were to go bankrupt.
Understand the implications that Conflicts of
Interest could have.
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