Chapter

An Interview with Vincent Mai

Roger Berkowitz

in The Intellectual Origins of the Global Financial Crisis

Published by Fordham University Press

Published in print September 2012 | ISBN: 9780823249602
Published online January 2013 | e-ISBN: 9780823250752 | DOI: http://dx.doi.org/10.5422/fordham/9780823249602.003.0007
An Interview with Vincent Mai

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Vincent Mai, Chairman of AEA Investors, argues that there has been transformation in the values on Wall Street in the last generation, one that has eroded the moral responsibility of bankers to serve their customers. Whereas business previously depended upon a strong reputation, today business success has been divorced from reputation. Mai points to the rise of public investment banks and the dominance of trading on Wall Street as the forces driving this erosion of values.

Keywords: Sir Siegmund Warburg; S. G. Warburg & Co; High Financier: The Life and times of Sir Siegmund Warburg; Lehman Brothers; Computer trading; Collateral Debt Obligations; Reputation; Glass-Steagall Act; Bond rating agencies; Alan Greenspan; Uptick Rule; Moral Hazard

Chapter.  3681 words. 

Subjects: Social and Political Philosophy

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