Wall Street Hasn't Learned the Lessons of 2008, Angelides Says

The transcript discusses the 2008 financial crisis, highlighting its avoidable nature due to reckless risk-taking and regulatory neglect. It examines changes in the banking system, noting increased safety but new risks from shadow banks. Concerns are raised about Wall Street's lack of accountability, as fines were paid by shareholders, not executives. The need for strong regulation and oversight is emphasized, especially with political challenges threatening reforms. The speaker advocates for more Democratic oversight to ensure financial stability and prevent future crises.

Who do you believe should be held accountable for the misconduct leading up to the crisis?

What measures do you think are necessary to prevent a future financial crisis?

What role do you think government regulation should play in the financial industry?