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. 

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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. 

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