The second issue, and probably the more relevant one was the fact that the executives themselves were never replaced from their positions. Let's go over for two seconds to Europe. When Sweden's banking system failed 20 some odd years ago, they removed every CEO of every one of those banks. of every one of those banks and many of the board members and the equity returns to the government on providing that capital was much like what you as a private investor would charge. (14:05–14:14)
CLAIM
Asserts that Sweden removed all CEOs of banks during a banking system failure 20 years ago.
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