Interview: carol Jarema, on equities of mass disruption, 2006-2008
Interview with Grant Victor’s (then Brandon Heckman) mentor, Carol Jarema, covering their tenure in finance and his work with Wells Fargo CEO John Stumpf on his industry white paper, Equities of Mass Disruption. The paper precisely diagnosed the 2008 crash, as well as anticipated successive shocks the Federal Reserve would later address with Quantitative Easing. The paper was shelved and Victor was discredited by the bank after the bull market ramped up late-2007. Morgan Stanely approached Victor inquiring about the paper, leaked to them, Spring-2008.