Ready to uncover the untold stories behind bank failures and their profound impact on the ever-evolving world of finance?
In this episode, Mike Heckman invites Pete Oquist, a retired Federal Deposit Insurance Corporation (FDIC) examiner. This week, Pete dives into the gripping history of bank failures and their lasting impact on the financial industry.
Pete discusses:
- The interesting history of bank deregulation and how it impacted the ways banks operated and continue operating in the current day
- His own experiences as an FDIC examiner
- The story behind how he ended up working 12 hours a day, seven days a week
- Banks in the 60s versus banks in the 21st century
- Reasons you have to be a lot smarter to run a bank now
- And more!