Shadow Banking's Rise: Lessons from 2008's Debt Crisis
Related Episodes
Letting Go: Bottled Riddles and Parental Possessions
Unresolved regret surfaces when we can't let go of possessions, memories, or control, but external validation and mortality's shadow can force profound change and acceptance.
View Episode Notes →
Bloom Money: Digitizing Ancient Trust for Immigrant Finance
Bloom Money digitizes ancient ROSCAs, building trust and financial inclusion for immigrants by transforming informal social capital into a powerful, data-driven credit foundation.
View Episode Notes →
Edison's Invention Factory: Industrializing Genius
Thomas Edison didn't just invent devices; he industrialized innovation, transforming invention into a systematic process that reshaped modern research and development.
View Episode Notes →
From Prostate Failure to Non-Invasive Cancer Robotics
HistoSonics redefines cancer treatment, transforming a failed prostate therapy into a non-invasive robotic surgery platform that liquefies tumors cell by cell, offering new hope.
View Episode Notes →
US Investors Face Concentration Risk Amid Global Outperformance
US investors face historic concentration risk; international markets outperformed the US last year, yet portfolios remain unexposed, creating significant downside potential.
View Episode Notes →
US-China Trade Equilibrium, China's Economic Shift, and Housing/Airline Industry Pressures
A stronger yuan could boost China's consumer power and global standing, but domestic economic strains and trade overcapacity challenges persist.
View Episode Notes →Resources
Resources & Recommendations
Books
- "The Big Short" by Michael Lewis - Discusses the 2008 financial crisis in an engaging and informative way.
Videos & Documentaries
- The Big Short (movie) - An adaptation of Michael Lewis's book, also covering the 2008 financial crisis.
Podcasts
- Against the Rules by Michael Lewis - This podcast features a "Big Short Companion" series with interviews related to the book and the 2008 financial crisis.
- Money Stuff by Matt Levine - A podcast that delves into finance topics.
People Mentioned
- Michael Lewis - Author of "The Big Short" and host of "Against the Rules."
- Adam McKay - Director of the movie adaptation of "The Big Short."
- Matt Levine - Columnist for Bloomberg Opinion and host of the "Money Stuff" newsletter and podcast, known for his writing on finance.
- Satoshi Nakamoto - The pseudonymous creator of Bitcoin, who explicitly stated its creation was a response to mistrust arising from the financial crisis.
- Sam Bankman-Fried - Discussed in the context of the crypto crisis and how his actions replicated elements of the traditional financial system.
Organizations & Institutions
- Goldman Sachs - Mentioned as a prominent investment bank during and after the financial crisis, where Matt Levine previously worked.
- Morgan Stanley - Referenced as a major investment bank whose prestige has shifted since the financial crisis.
- Jane Street - Mentioned as a firm that has risen to take on risk previously held by investment banks.
- Citadel - Referenced as a firm that has risen to take on risk previously held by investment banks and as a major hedge fund.
- Jump Trading - Mentioned as a firm that has risen to take on risk previously held by investment banks.
- Apollo - An alternative asset manager/private equity firm that has become more important since the financial crisis.
- KKR - An alternative asset manager/private equity firm that has become more important since the financial crisis.
- Blackstone - An alternative asset manager/private equity firm that has become more important since the financial crisis.
- Ares - An alternative asset manager/private equity firm referenced in the context of long-term funding.
- Millennium - A hedge fund mentioned for engaging in highly levered trades.
- Consumer Financial Protection Bureau (CFPB) - An organization that emerged as a consequence of the financial crisis to regulate and protect consumers from banking practices.
Websites & Online Resources
- Bloomberg Opinion - The platform where Matt Levine writes his column.