Peter J. Solomon Sees Fundamental Problem With Globalization of Banks

The video discusses the 2008 financial crisis, highlighting its causes and the inherent complexities of financial securities. It examines the challenges faced by financial leaders like Jamie Dimon, particularly in managing complex financial instruments and scandals such as the Libor scandal. The discussion extends to the global connectivity of financial markets, contrasting past and present scenarios, and emphasizing the increased interdependence of global economies.

In what ways has the financial world become more interconnected since the 1960s?

What does the speaker imply about the attitude towards finance in the 1960s compared to today?