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The World After Capital (with Albert Wenger)

Newcomer Podcast

CHAPTER

The Global Financial Crisis: A Critique of the Government

"I think I am all for things failing. It's great," he says. "But large correlated failure in the banking sector is not the market, that's like wiping out like a core piece of financial infrastructure." The government should have just been like, you know what it is, what it is and, you know, whatever it isn't insured, we're going to have to work it out,. Right? Like, absolutely would have been great. It just wasn't isolated, right?

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