Discover how banking systems can be exploited for fraud in this eye-opening 19-minute TED talk by William Black, a former bank regulator turned academic. Gain insider knowledge on the tactics that led to the 2008 US banking crisis, including "liar's loans" and other deceptive practices that threatened the global economy. Explore the concept of accounting control fraud, appraisal fraud, and the role of the FBI in financial crimes. Learn about the vulnerabilities within the banking system and the methods used by fraudsters to manipulate it from the inside, providing valuable insights for understanding and preventing financial misconduct.