The Rabobank CEO (one of the few global banks that hasn't received a bailout (and the only AAA left?)) has stated he was at a seminar late 2004 where the subprime crap was touted. The next day he called in a meeting and immediately ordered to cut all exposure whatsoever. 'It was a fraud and even a child could see it.' The Netherlands spend 130 BILLION USD to clean up the mess Rabobank competition created for themselves. Not bad for a country of 16 million people.
Yes. What is different with the CEO of the Rabobank? Is he more smart than all the bank people of the world, no. I think he make a decision to not make (fast) money then pass the ball.