Burying the Evidence: First National Bank of Keystone

What this episode covers

Banking Bad examines past financial crises from the perspective of people directly responsible for steering the system through financial calamity. It tells the story of the real time, high-pressure decisions made to deal with bank failures, contagion events, financial rescues and the human decisions made to bring the financial world back from the edge of systemic collapse. The people you'll hear from have an unusual vantage point. They are not Monday morning quarterbacks. When banks went bad, they were on the front lines meeting with the people whose lives were upended. They were the ones working around the clock to manage the problems and implement solutions. They will tell us what they have learned and what we should be doing to prepare ourselves for the next crisis. Whether the next crisis is triggered by cryptocurrency, private lending, fintech, social media, or something else and whether it spills over to the more regulated banking sector we can't know for sure. But what we do know is that the seeds for the next crisis are being planted today. History may not repeat itself, but it does rhyme.

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