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