The Capitalisn't of Banking, with Anat Admati

Published: Jan. 18, 2024, noon

b'It\'s been nearly 16 years since the federal government bailed out Wall Street to the tune of $700 billion in response to the financial crisis that precipitated the Great Recession. The idea that the public must guarantee critical financial institutions that are \\u201ctoo big to fail\\u201d was controversial then, but does it still remain an issue? Stanford finance professor Anat Admati, whom the New York Times profiled in an article titled "When She Talks, Banks Shudder," argues it\\u2019s become worse.\\n\\nAdmati joins Bethany and Luigi to discuss the updated edition of her and Martin Hellwig\\u2019s book, The Bankers\' New Clothes: What\\u2019s Wrong with Banking and What to Do About It. Dissecting new financial developments, including the failure of Silicon Valley Bank, the crypto industry, and shadow banking, Admati lays bare how the current financial system is rigged for the benefit of the few. She also prescribes how we can build and regulate a fairer and more accountable financial system and, thus, a more stable and equitable capitalist economy.'