Evercore Interview Question - Investment Banking
Originally scheduled to be a in-person coffee chat (Evercore) but as I'm sure most of you can guess by now, it had to be transitioned over to a phone call. It went well and he even recommended that I study the financial crisis of 2008 (Note: the chat was completely behavioral in nature and he recounted his experience while interviewing with firm highlighting the aforementioned suggestion as a common question that is asked) in the event of a potential interview with the firm in the future. How would you guys explain what caused the 2008 financial crisis and what policies would prevent an event like this from reoccurring? Thank you in advance.
This American Life had an excellent episode on the GFC. Believe it was called “The Giant Pool of Money.”
How would you guys explain what caused the 2008 financial crisis and what policies would prevent an event like this from reoccurring?
Do your own research man, literally a google search or two you can find good summaries and editorials on what needed to be done policy wise
I'm aware but hearing insight from others is another helpful way of bolstering the essence of my answer. Nonetheless, I appreciate your input. Thank you.
Google "Recipe for Disaster: The Formula that Killed Wall Street" it's a great write up on the crisis. Sorry I can't post the link (new user).
Listen to the MIB podcast with Danielle DiMartino. The GFC was a very complicated event. Then listen to Ben Bernanke’s episode on: “The Aftermath of the Financial Crisis”. This will give you a good foundation. There’s plenty of editorials out there. A lot of the policies implemented since such as capital buffers on banks, greater reporting by banks, restrictions on trading, are the aftermath of the GFC.
How can I find the Bernanke episode?
Go on apple podcast, and search for "Reflections on the Federal Reserve". They are all really great listens, but scroll down to the aftermath of the Financial Crisis.
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