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Podcast: Boardroom Governance with Evan Epstein
Episode: Anat Admati: "I Don't Want CEOs to Solve Society's Problems, I Want the Government to Solve Them"
Description: Start of Interview [1:30]How Anat's research evolved from corporate finance to corporate governance [3:40]How the Financial Crisis ignited her research interest in the banking sector [4:25]What's "special" about the finance and banking industries? [8:31]Why the lack of equity funding in banking? [10:12]The premise of her book "The Bankers' New Clothes" [11:28]"In banking you can be insolvent forever if you don't default" [13:27]"JPM's assets on balance sheet: ~$2.5T, plus off balance sheet: $4T! "that is unfathomable." [14:08]"The regulators are failing so miserably, and they are so used to failing that they perpetuate their failures" Â [16:02]Over a decade after the financial crisis, "t...