In this Wharton Leadership Lecture, former Merrill Lynch CEO John Thain offers his opinions as to what caused the crisis, what can be done to prevent it from happening again, and when it will be over — not just for the financial industry but also for Main Street. This is the first in a series of three videos on the lecture, which include Thain’s remarks to the audience, questions from the three-member panel and, finally, questions from the audience.

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