Mia teaches Molly what shadow banking is, how it caused the 2008 financial collapse, and how they’re threatening to do it all again.

Original Air Date: 3.26.26

Sources:

https://www.fsb.org/work-of-the-fsb/financial-innovation-and-structural-change/non-bank-financial-intermediation/

https://www.cnbc.com/2019/04/11/shadow-banking-is-now-a-52-trillion-industry-and-posing-risks.html

https://pmc.ncbi.nlm.nih.gov/articles/PMC7992100/

https://www.imf.org/external/pubs/ft/fandd/2013/06/basics.htm

https://insights.som.yale.edu/insights/inside-the-cdo-market-that-catalyzed-the-financial-crisis

https://www.congress.gov/crs-product/R48512#ifn146

https://www.jstor.org/stable/26153238

https://www.newyorkfed.org/medialibrary/media/research/economists/adrian/1306adri_map.pdf

https://tellerwindow.newyorkfed.org/2025/10/17/nbfis-in-focus-the-basics-of-private-credit/

https://www.federalreserve.gov/econres/notes/feds-notes/bank-lending-to-private-credit-size-characteristics-and-financial-stability-implications-20250523.html

https://libcom.org/article/debt-first-5000-years-david-graeber

Mia teaches Molly what shadow banking is, how it caused the 2008 financial collapse, and how they&rsquo;re threatening to do it all again.
Original Air Date: 3.26.26
Sources:
<a href="https://www.fsb.org/work-of-the-fsb/financial-innovation-and-structural-change/non-bank-financial-intermediation/">https://www.fsb.org/work-of-the-fsb/financial-innovation-and-structural-change/non-bank-financial-intermediation/</a>
<a href="https://www.cnbc.com/2019/04/11/shadow-banking-is-now-a-52-trillion-industry-and-posing-risks.html">https://www.cnbc.com/2019/04/11/shadow-banking-is-now-a-52-trillion-industry-and-posing-risks.html</a>
<a href="https://pmc.ncbi.nlm.nih.gov/articles/PMC7992100/">https://pmc.ncbi.nlm.nih.gov/articles/PMC7992100/</a>
<a href="https://www.imf.org/external/pubs/ft/fandd/2013/06/basics.htm">https://www.imf.org/external/pubs/ft/fandd/2013/06/basics.htm</a>
<a href="https://insights.som.yale.edu/insights/inside-the-cdo-market-that-catalyzed-the-financial-crisis">https://insights.som.yale.edu/insights/inside-the-cdo-market-that-catalyzed-the-financial-crisis</a>
<a href="https://www.congress.gov/crs-product/R48512#ifn146">https://www.congress.gov/crs-product/R48512#ifn146</a>
<a href="https://www.jstor.org/stable/26153238">https://www.jstor.org/stable/26153238</a>
<a href="https://www.newyorkfed.org/medialibrary/media/research/economists/adrian/1306adri_map.pdf">https://www.newyorkfed.org/medialibrary/media/research/economists/adrian/1306adri_map.pdf</a>
<a href="https://tellerwindow.newyorkfed.org/2025/10/17/nbfis-in-focus-the-basics-of-private-credit/">https://tellerwindow.newyorkfed.org/2025/10/17/nbfis-in-focus-the-basics-of-private-credit/</a>
<a href="https://www.federalreserve.gov/econres/notes/feds-notes/bank-lending-to-private-credit-size-characteristics-and-financial-stability-implications-20250523.html">https://www.federalreserve.gov/econres/notes/feds-notes/bank-lending-to-private-credit-size-characteristics-and-financial-stability-implications-20250523.html</a>
<a href="https://libcom.org/article/debt-first-5000-years-david-graeber">https://libcom.org/article/debt-first-5000-years-david-graeber</a>

It Could Happen Here started as an exploration of the possibility of a new civil war. Now a daily show, it's evolved into a chronicle of collapse as it happens, and an exploration of how we might build a better future. Every day Robert Evans, Garrison Davis, Mia Wong, and James Stout take you on a jaunty walk through the burning ruins of the old world and towards a better one that lays just on the horizon.

It Could Happen Here started as an exploration of the possibility of a new civil war. Now a daily show, it's evolved into a chronicle of collapse as it happens, and an exploration of how we might build a better future. Every day Robert Evans, Garrison Davis, Mia Wong, and James Stout take you on a jaunty walk through the burning ruins of the old world and towards a better one that lays just on the horizon.

It Could Happen Here

CZM Rewind: Shadow Banking: The Once and Future Economic Apocalypse

https://api.omny.fm/orgs/e73c998e-6e60-432f-8610-ae210140c5b1/clips/8929683b-84ca-48cc-aa66-b48d01628295/transcript

In the second of two episodes Mick, James, and Molly discuss the Save Europe Act and its attempts to mainstream great replacement theory.

 

Sources:
https://eur-lex.europa.eu/legal-content/EN/TXT/?uri=CELEX:32019R0788
https://www.save-europe-act.com/#section-form
https://ec.europa.eu/commission/presscorner/detail/en/ip_26_1658
https://www.euronews.com/my-europe/2026/07/23/far-right-activists-to-sue-european-commission-over-remigration-rejection
https://www.europesays.com/3147332/
https://www.dw.com/en/austrian-far-right-extremist-denied-us-travel-permit-after-christchurch-link/a-48107733
https://eur-lex.europa.eu/eli/reg/2011/211/2019-05-30?locale=en
https://archive.is/V3Qye
https://orf.at/stories/3122404/
https://archive.ph/LClfA
https://archive.ph/NL4NF
https://register.eci.ec.europa.eu/core/api/register/document/5652679877066501

In the second of two episodes Mick, James, and Molly discuss the Save Europe Act and its attempts to mainstream great replacement theory.
&nbsp;
Sources:
<ul>
<li><a href="https://eur-lex.europa.eu/legal-content/EN/TXT/?uri=CELEX:32019R0788">https://eur-lex.europa.eu/legal-content/EN/TXT/?uri=CELEX:32019R0788</a></li>
<li><a href="https://www.save-europe-act.com/#section-form">https://www.save-europe-act.com/#section-form</a></li>
<li><a href="https://ec.europa.eu/commission/presscorner/detail/en/ip_26_1658">https://ec.europa.eu/commission/presscorner/detail/en/ip_26_1658</a></li>
<li><a href="https://www.euronews.com/my-europe/2026/07/23/far-right-activists-to-sue-european-commission-over-remigration-rejection">https://www.euronews.com/my-europe/2026/07/23/far-right-activists-to-sue-european-commission-over-remigration-rejection</a></li>
<li><a href="https://www.europesays.com/3147332/">https://www.europesays.com/3147332/</a></li>
<li><a href="https://www.dw.com/en/austrian-far-right-extremist-denied-us-travel-permit-after-christchurch-link/a-48107733">https://www.dw.com/en/austrian-far-right-extremist-denied-us-travel-permit-after-christchurch-link/a-48107733</a></li>
<li><a href="https://eur-lex.europa.eu/eli/reg/2011/211/2019-05-30?locale=en">https://eur-lex.europa.eu/eli/reg/2011/211/2019-05-30?locale=en</a></li>
<li><a href="https://archive.is/V3Qye">https://archive.is/V3Qye</a></li>
<li><a href="https://orf.at/stories/3122404/">https://orf.at/stories/3122404/</a></li>
<li><a href="https://archive.ph/LClfA">https://archive.ph/LClfA</a></li>
<li><a href="https://archive.ph/NL4NF">https://archive.ph/NL4NF</a></li>
<li><a href="https://register.eci.ec.europa.eu/core/api/register/document/5652679877066501">https://register.eci.ec.europa.eu/core/api/register/document/5652679877066501</a></li>
</ul>

The Save Europe Act and the Bad Faith Nazis Who Created It Part 2

https://api.omny.fm/orgs/e73c998e-6e60-432f-8610-ae210140c5b1/clips/702390bf-16f4-402d-8afc-b4ea01820320/transcript

Mick, James, and Molly discuss the Save Europe Act and its attempts to mainstream great replacement theory. 


Sources:
https://eur-lex.europa.eu/legal-content/EN/TXT/?uri=CELEX:32019R0788
https://www.save-europe-act.com/#section-form
https://ec.europa.eu/commission/presscorner/detail/en/ip_26_1658
https://www.euronews.com/my-europe/2026/07/23/far-right-activists-to-sue-european-commission-over-remigration-rejection
https://www.europesays.com/3147332/
https://eur-lex.europa.eu/legal-content/EN/TXT/?uri=CELEX:32019R0788
https://www.dw.com/en/austrian-far-right-extremist-denied-us-travel-permit-after-christchurch-link/a-48107733
https://eur-lex.europa.eu/eli/reg/2011/211/2019-05-30?locale=en
https://archive.is/V3Qye
https://orf.at/stories/3122404/
https://archive.ph/LClfA
https://archive.ph/NL4NF
https://register.eci.ec.europa.eu/core/api/register/document/5652679877066501

Mick, James, and Molly discuss the Save Europe Act and its attempts to mainstream great replacement theory.&nbsp;
 Sources:
<ul>
<li><a href="https://eur-lex.europa.eu/legal-content/EN/TXT/?uri=CELEX:32019R0788">https://eur-lex.europa.eu/legal-content/EN/TXT/?uri=CELEX:32019R0788</a></li>
<li><a href="https://www.save-europe-act.com/#section-form">https://www.save-europe-act.com/#section-form</a></li>
<li><a href="https://ec.europa.eu/commission/presscorner/detail/en/ip_26_1658">https://ec.europa.eu/commission/presscorner/detail/en/ip_26_1658</a></li>
<li><a href="https://www.euronews.com/my-europe/2026/07/23/far-right-activists-to-sue-european-commission-over-remigration-rejection">https://www.euronews.com/my-europe/2026/07/23/far-right-activists-to-sue-european-commission-over-remigration-rejection</a></li>
<li><a href="https://www.europesays.com/3147332/">https://www.europesays.com/3147332/</a></li>
<li><a href="https://eur-lex.europa.eu/legal-content/EN/TXT/?uri=CELEX:32019R0788">https://eur-lex.europa.eu/legal-content/EN/TXT/?uri=CELEX:32019R0788</a></li>
<li><a href="https://www.dw.com/en/austrian-far-right-extremist-denied-us-travel-permit-after-christchurch-link/a-48107733">https://www.dw.com/en/austrian-far-right-extremist-denied-us-travel-permit-after-christchurch-link/a-48107733</a></li>
<li><a href="https://eur-lex.europa.eu/eli/reg/2011/211/2019-05-30?locale=en">https://eur-lex.europa.eu/eli/reg/2011/211/2019-05-30?locale=en</a></li>
<li><a href="https://archive.is/V3Qye">https://archive.is/V3Qye</a></li>
<li><a href="https://orf.at/stories/3122404/">https://orf.at/stories/3122404/</a></li>
<li><a href="https://archive.ph/LClfA">https://archive.ph/LClfA</a></li>
<li><a href="https://archive.ph/NL4NF">https://archive.ph/NL4NF</a></li>
<li><a href="https://register.eci.ec.europa.eu/core/api/register/document/5652679877066501">https://register.eci.ec.europa.eu/core/api/register/document/5652679877066501</a></li>
</ul>

 The Save Europe Act and the Bad Faith Nazis Who Created It 

https://api.omny.fm/orgs/e73c998e-6e60-432f-8610-ae210140c5b1/clips/196771c4-226b-4922-a673-b4e9017cfb62/transcript

Ahead of the midterms, Garrison explains the current status of Trump’s executive orders to 
to restrict mail in voting and purge voter rolls, and how the worst effects may not come until 2028.

 

Sources:
https://www.congress.gov/bill/119th-congress/house-bill/7296/text
https://www.whitehouse.gov/saveamerica/
https://www.whitehouse.gov/presidential-actions/2025/03/preserving-and-protecting-the-integrity-of-american-elections/

https://www.whitehouse.gov/presidential-actions/2026/03/ensuring-citizenship-verification-and-integrity-in-federal-elections/

https://michigandems.com/michigan-leaders-slam-mike-rogers-for-trying-to-intimidate-and-disenfranchise-detroit-voters/
https://www.supremecourt.gov/opinions/25pdf/26a124_hgci.pdf
https://storage.courtlistener.com/recap/gov.uscourts.dcd.291053/gov.uscourts.dcd.291053.192.0.pdf

https://public-inspection.federalregister.gov/2026-17238.pdf
https://www.supremecourt.gov/opinions/25pdf/26a124_hgci.pdf
https://www.supremecourt.gov/opinions/25pdf/26a305_4g15.pdf
https://www.supremecourt.gov/opinions/25pdf/26a308_pok0.pdf
https://www.uscis.gov/save/current-user-agencies/guidance/voter-registration-and-voter-list-maintenance-fact-sheet
https://www.democracydocket.com/news-alerts/supreme-court-revives-dhs-use-of-flawed-immigration-database-for-voter-purges/
https://www.sos.state.tx.us/about/newsreleases/2026/091526.shtml
https://www.scotusblog.com/2026/09/supreme-court-clears-way-for-trump-administration-to-use-modified-voter-verification-database/
https://www.nytimes.com/2026/09/24/us/politics/nevada-voters-homeland-security-trump.html
https://www.propublica.org/article/save-voter-citizenship-tool-mistake
https://apnews.com/article/midterm-elections-immigration-officers-ice-voting-e43c1758ccd446eb441957b36f9e281f

Ahead of the midterms, Garrison explains the current status of Trump&rsquo;s executive orders to&nbsp; to restrict mail in voting and purge voter rolls, and how the worst effects may not come until 2028.
&nbsp;
Sources:
<ul>
<li><a href="https://www.congress.gov/bill/119th-congress/house-bill/7296/text">https://www.congress.gov/bill/119th-congress/house-bill/7296/text</a></li>
<li><a href="https://www.whitehouse.gov/saveamerica/">https://www.whitehouse.gov/saveamerica/</a></li>
<li><a href="https://www.whitehouse.gov/presidential-actions/2025/03/preserving-and-protecting-the-integrity-of-american-elections/">https://www.whitehouse.gov/presidential-actions/2025/03/preserving-and-protecting-the-integrity-of-american-elections/ </a></li>
<li><a href="https://www.whitehouse.gov/presidential-actions/2026/03/ensuring-citizenship-verification-and-integrity-in-federal-elections/">https://www.whitehouse.gov/presidential-actions/2026/03/ensuring-citizenship-verification-and-integrity-in-federal-elections/ </a></li>
<li><a href="https://michigandems.com/michigan-leaders-slam-mike-rogers-for-trying-to-intimidate-and-disenfranchise-detroit-voters/">https://michigandems.com/michigan-leaders-slam-mike-rogers-for-trying-to-intimidate-and-disenfranchise-detroit-voters/</a></li>
<li><a href="https://www.supremecourt.gov/opinions/25pdf/26a124_hgci.pdf">https://www.supremecourt.gov/opinions/25pdf/26a124_hgci.pdf</a> <a href="https://storage.courtlistener.com/recap/gov.uscourts.dcd.291053/gov.uscourts.dcd.291053.192.0.pdf">https://storage.courtlistener.com/recap/gov.uscourts.dcd.291053/gov.uscourts.dcd.291053.192.0.pdf </a></li>
<li><a href="https://public-inspection.federalregister.gov/2026-17238.pdf">https://public-inspection.federalregister.gov/2026-17238.pdf</a> </li>
<li><a href="https://www.supremecourt.gov/opinions/25pdf/26a124_hgci.pdf">https://www.supremecourt.gov/opinions/25pdf/26a124_hgci.pdf</a> </li>
<li><a href="https://www.supremecourt.gov/opinions/25pdf/26a305_4g15.pdf">https://www.supremecourt.gov/opinions/25pdf/26a305_4g15.pdf</a></li>
<li><a href="https://www.supremecourt.gov/opinions/25pdf/26a308_pok0.pdf">https://www.supremecourt.gov/opinions/25pdf/26a308_pok0.pdf</a></li>
<li><a href="https://www.uscis.gov/save/current-user-agencies/guidance/voter-registration-and-voter-list-maintenance-fact-sheet">https://www.uscis.gov/save/current-user-agencies/guidance/voter-registration-and-voter-list-maintenance-fact-sheet</a> </li>
<li><a href="https://www.democracydocket.com/news-alerts/supreme-court-revives-dhs-use-of-flawed-immigration-database-for-voter-purges/">https://www.democracydocket.com/news-alerts/supreme-court-revives-dhs-use-of-flawed-immigration-database-for-voter-purges/</a></li>
<li><a href="https://www.sos.state.tx.us/about/newsreleases/2026/091526.shtml">https://www.sos.state.tx.us/about/newsreleases/2026/091526.shtml</a></li>
<li><a href="https://www.scotusblog.com/2026/09/supreme-court-clears-way-for-trump-administration-to-use-modified-voter-verification-database/">https://www.scotusblog.com/2026/09/supreme-court-clears-way-for-trump-administration-to-use-modified-voter-verification-database/</a> </li>
<li><a href="https://www.nytimes.com/2026/09/24/us/politics/nevada-voters-homeland-security-trump.html">https://www.nytimes.com/2026/09/24/us/politics/nevada-voters-homeland-security-trump.html</a></li>
<li><a href="https://www.propublica.org/article/save-voter-citizenship-tool-mistakes-confusion">https://www.propublica.org/article/save-voter-citizenship-tool-mistake</a> </li>
<li><a href="https://apnews.com/article/midterm-elections-immigration-officers-ice-voting-e43c1758ccd446eb441957b36f9e281f">https://apnews.com/article/midterm-elections-immigration-officers-ice-voting-e43c1758ccd446eb441957b36f9e281f</a></li>
</ul>

How Trump Will Try To Make Voting Restrictions Even Worse

https://api.omny.fm/orgs/e73c998e-6e60-432f-8610-ae210140c5b1/clips/d3129743-be94-45e3-9f9e-b4e9003017e0/transcript

CZM Rewind: Shadow Banking: The Once and Future Economic Apocalypse

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