William Black: How to rob a bank (from the inside, that is)

The video discusses the recurrent financial crises caused by control fraud, where CEOs use legitimate entities to defraud. It explains the recipe for accounting control fraud, which leads to record profits, CEO wealth, and eventual bank failure. The video highlights the role of appraisal fraud and liar's loans in the crisis, and criticizes the inadequate response from the industry, government, and prosecutors. It calls for reforms to prevent future crises, including shrinking too-big-to-fail institutions, reforming compensation, and addressing deregulation.

What was the impact of the financial crisis on jobs and the economy as mentioned in the text?

How did the government respond to the crisis in terms of criminal referrals compared to the savings and loan debacle?

What does the author suggest is necessary to change the incentive structures that lead to financial crises?

What are the three D's that need to be addressed to prevent future financial crises?