Introduction

This week, David Sirota delves into the bank panic of 2023 with Saule Omarova, a Cornell Law School professor whose nomination to be one of the government's top bank regulators was blocked due to her opposition to deregulation. She was right about everything, as it turns out. Also, Matt Stoller joins David to explore alternative methods for securing deposits and advocate for policy-makers to rethink their relationship to the Federal Reserve. (09:12)

Links: 

• Brian Stelter’s profile of David Sirota and The Lever in Airmail.
• Last Friday’s live discussion with U.S. Rep. Ro Khanna (D-Calif.) on the SVB collapse. 
• Sign The Lever’s open letter to fire Jay Powell right now www.firepowell.com.

Find a transcript of this episode here.

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