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Sources:

https://ethicsunwrapped.utexas.edu/case-study/collapse-barings-bank

https://www.nationalgeographic.org/thisday/jan17/kobe-earthquake/#:~:text=On%20January%2017%2C%201995%2C%20a%20major%20earthquake%20struck%20near%20the,more%20than%2045%2C000%20people%20homeless.&text=The%20Kobe%20quake%20was%20a,Eurasian%20and%20Philippine%20plates%20interact.

https://www.cnbc.com/2020/02/26/barings-collapse-25-years-on-what-the-industry-learned-after-one-man-broke-a-bank.html

https://www.youtube.com/watch?v=uhrIAnbl5XE&ab_channel=JohnMusicman

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//Soundtrack//

Sublab – So In Love

Cody G – With You

Sangam & Cholombian – Shelter Me

Working Men’s Club – Valleys (Confidence Man Remix)

Aleksandir – Between Summers

Catching Flies – The Long Journey Home

Nanobyte – Lost Time

SWOOSE – MEMBRANE THEORY

Mogwai – Take Me Somewhere Nice

Ex-Re – Romance

In Frames – Calm Wisdom

Julianna Barwick – Look Into Your Own Mind

Burn Water – Youth

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Producer: Dagogo Altraide

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45 thoughts on “How a 28 Year Old Man Destroyed England’s Oldest Bank

  1. I often wondered why not much was heard of him after his release. After listening to him talk now I know why and would suggest him not wanting friends was in fact people 'not' wanting to be his friend, when in fact that was all he wanted… and he had the cheek to blame others for 'his' lies.

  2. I wonder how many people's deaths this guy contributed to indirectly through the stress and anxiety brought on by his abhorrent, hubristic behaviour. This guy is probably up there with Harold Shipman in my book, yet he seems to lorded by some.

  3. so the take away from this and thousand other stories just like this is that theres no way to make money on the stock market save you trade in bonds or index funds and leave them for twenty yrs

  4. Sounds like Barings got what they deserved…. I mean, what kind of bank lets hundreds of millions of pounds worth of debt owed to them "slip through the cracks"?

  5. Smiling, smirking the whole time, zero accountability, zero remorse = a complete and total narcissist. P.s. Only 6 year sentence? WOW

  6. 19:30 This guy reminds me of one of buggs bunny's old episode with a gremlin that was trying to bring down an airplane
    This guy must banned from even walking down one the road at any cost !

  7. I am a deceiving manipulative liar that would sell my soul for money, but the fault lies with Barings because they trusted a deceiving manipulative liar. Just a dark wicked soul.

  8. I spent over three decades in the Royal Navy, and did my fair share of auditing Mess Wine Funds and ships' Welfare Funds. I'm pretty confident that any of those audit boards – comprised of AMATEURS – would have uncovered the mess in 88888. The biggest clue? That one-way flood of money to meet 'margin calls'.
    P.S. I've followed this story for a number of years. The best book on the subject? 'All That Glitters', by Gapper.

  9. There’s a common thread between the likes of this guy, that Theranos person, SBF, etc …. people pathogically expressing a desire to do SOMETHING REALLY BIG even though they lack in the ability to actually deliver. The lesson here: look out for, and never invest with, highly driven people with marginal or no talent who repeatedly fail to deliver.

  10. 4:38 You said he was, "impressing his employees". HE was an employee, working for a bank. They are his employers. Not his "employees". If you were trying to say that he was impressing the other people working with him, those would be his, co-workers, or fellow employees.

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