157 - The Differences Between the Financial Crises of 2008 and 2023

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.  

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