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.

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