Understanding the Global Financial Crisis
Peter and Jocko discuss the impact of the Basel Two Accord on banks and the problem of asset value correlations. They delve into the housing crisis and how it became a systemic issue, highlighting the role of CDOs and the dangers of hubris in data analysis.In this clip
From this podcast

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Related Questions
How did the financial crisis happen as discussed in the episode John Cochrane on the Financial Crisis and the clip Understanding Mortgage Backed Securities?
What mistakes did banks make in the financial crisis as discussed in the episode John Cochrane on the Financial Crisis and the clip Understanding Mortgage Backed Securities?
What mistakes did banks make in the financial crisis as discussed in the episode 2: Rob Weinhold | The Art of Crisis Leadership and the clip Crisis Management?