In this exclusive interview with former U.S. financial regulator, author and academic, William Bill Black, we define and talk about the role of a financial regulator generally. Thereafter we proceed to talk about “savings and loan” crisis in the United States during the 80s, what Bill uncovered during this time as a financial regulator and how this crisis paved the way for the financial crisis of 2008. In addition we examine the infrastructure (High frequency trading) & tools that the financial industry employs to maximize profit and what social costs these have on the rest of society.
Source of Featured Image: Source/Link: https://www.flickr.com/photos/rednuht/479370088/ Author: Rafael Matsunaga Note: The author of the featured image does not endorse the work exhibited in this video. #finance #banking #fraud #financialcrisis #highfrequencytrading #stockmarket