How Financial Institutions Fail with Marc Rubinstein, Net Interest

Episode Summary In this episode we go over a framework for financial institutions failure, with Marc Rubinstein, a former financials analyst and portfolio manager, currently writing Net Interest. We cover the three main ways failures happen. First, we discuss fraud, both external and internal. Then we discuss underwriting, which affects both lending institutions and insurance companies. Finally, we discuss asset-liability mismatches, known as a “run on the bank”. We go back to the 1...