SBF, FTX, & Another Crash With Nick Leeson
Lead-Lag Live
00:00
Is There a Tail Event Like That in the 90s?
I think everything is a lot better now than it was back in the 90s. The industry, I think what happens is there's a certain up-skate coating that goes on which is completely accurate. There are so many lessons that could, should and should really have been learned from what's gone on in mainstream banking. But if you're chasing the market over leveraging then they work well as long as you get control of them. If you've got to use derivatives for your own financial gain or just trying to make money out of other people’s losses at any given time, those things can be very dangerous. So yeah all of those areas are far more secure today than they
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