The family's experience reveals two key banking lessons in the digital era.
This year, they are also giving the banks a lesson in supply and demand.
The main issue is probably that these settlements have come too late to do any good – either to repair the damage done to homeowners or to teach banks a lesson.
The report – "Fundamentals of central banking; the lessons of the crisis" – was co-written by Weber; Trichet; Jacob Frenkel, former governor of the Bank of Israel; and Arminio Fraga, former governor of the Bank of Brazil.
He believes the Bank learned lessons from the global financial crisis.
Central banks have lessons to learn about what it means to be a modern lender of last resort.
It also owns 60% of Juventus, perhaps Italy's best-known football club, and 9.8% of Banca Leonardo, a boutique investment bank.Lessons in leadershipOver the past two years IFIL's net asset value has outperformed the stockmarket.
Mitsubishi UFJ has an emerging-Asian loan book three times larger than JPMorgan's, two-thirds of it with non-Japanese borrowers.Pride comes before a fallFor China's banks the lessons lie mainly in the rapid fall, rather than the slow rise.
It's possible you would teach the banks a valuable lesson.
All of these techniques should be applied to the realm of financial supervision.Central banking may hold lessons for compensation, too.
