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

Garrison explains how news networks have partnered with gambling sites to forecast the future and turn everyone’s phone into a casino of human suffering.

Original Air Date: 12.9.25

Sources:

https://news.kalshi.com/p/kalshi-cnn-prediction-market-partnership

https://www.businessinsider.com/kalshi-cnbc-deal-cnn-data-integration-partnership-2025-12

https://x.com/Kalshi/status/1996233186251075862?s=20

https://illinoislawreview.org/wp-content/ilr-content/articles/2008/3/Cherry.pdf

https://www.axios.com/2025/11/20/time-galactic-prediction-market

https://dune.com/datadashboards/prediction-markets

https://www.cftc.gov/PressRoom/SpeechesTestimony/behnamstatement051024


https://edition.cnn.com/2024/10/02/business/appeals-court-allows-kalshi-election-betting/index.html

https://www.datawallet.com/crypto/polymarket-restricted-countries

https://www.gameshub.com/news/news/are-the-walls-closing-in-on-polymarket-after-latest-european-ban-2837953/

https://www.dlnews.com/articles/regulation/polymarket-banned-romania-for-operating-without-a-licence/

https://www.yogonet.com/international/news/2025/08/18/114882-polymarket-banned-in-australian-amid-crackdown-on-illegal-betting-election-wagering-concerns

https://dune.com/rchen8/polymarket

https://blog.uma.xyz/articles/unpacking-polymarkets-meteoric-rise-in-numbers

https://www.marketwatch.com/story/polymarket-authorized-for-u-s-return-days-after-donald-trump-jr-joins-as-advisor-c3c8b348

https://truthpredict.net/

https://www.forbes.com/sites/boazsobrado/2025/12/04/alleged-insider-nets-1-million-on-polymarket-in-24-hours/


https://www.youtube.com/watch?v=zcPwUiMPj6w

https://news.kalshi.com/p/zohran-mamdani-cites-kalshi-election-odds


https://www.nytimes.com/interactive/polls/tennessee-us-house-7-special-election-polls-2025.html


https://www.natesilver.net/p/sbsq-26-do-prediction-markets-make

https://www.axios.com/2024/07/16/nate-silver-polymarket

https://www.legalsportsreport.com/sports-betting-states/


https://www.espn.com/chalk/story/_/id/23501236/supreme-court-strikes-federal-law-prohibiting-sports-gambling


https://x.com/Polymarket/status/1996978855538823522?s=20

Garrison explains how news networks have partnered with gambling sites to forecast the future and turn everyone&rsquo;s phone into a casino of human suffering.
Original Air Date: 12.9.25
Sources:
<a href="https://news.kalshi.com/p/kalshi-cnn-prediction-market-partnership">https://news.kalshi.com/p/kalshi-cnn-prediction-market-partnership</a>
<a href="https://www.businessinsider.com/kalshi-cnbc-deal-cnn-data-integration-partnership-2025-12">https://www.businessinsider.com/kalshi-cnbc-deal-cnn-data-integration-partnership-2025-12</a>
<a href="https://x.com/Kalshi/status/1996233186251075862?s=20">https://x.com/Kalshi/status/1996233186251075862?s=20</a>
<a href="https://illinoislawreview.org/wp-content/ilr-content/articles/2008/3/Cherry.pdf">https://illinoislawreview.org/wp-content/ilr-content/articles/2008/3/Cherry.pdf</a>
<a href="https://www.axios.com/2025/11/20/time-galactic-prediction-market">https://www.axios.com/2025/11/20/time-galactic-prediction-market</a>
<a href="https://dune.com/datadashboards/prediction-markets">https://dune.com/datadashboards/prediction-markets</a>
<a href="https://www.cftc.gov/PressRoom/SpeechesTestimony/behnamstatement051024">https://www.cftc.gov/PressRoom/SpeechesTestimony/behnamstatement051024 </a>
<a href="https://edition.cnn.com/2024/10/02/business/appeals-court-allows-kalshi-election-betting/index.html">https://edition.cnn.com/2024/10/02/business/appeals-court-allows-kalshi-election-betting/index.html</a>
<a href="https://www.datawallet.com/crypto/polymarket-restricted-countries">https://www.datawallet.com/crypto/polymarket-restricted-countries</a>
<a href="https://www.gameshub.com/news/news/are-the-walls-closing-in-on-polymarket-after-latest-european-ban-2837953/">https://www.gameshub.com/news/news/are-the-walls-closing-in-on-polymarket-after-latest-european-ban-2837953/</a>
<a href="https://www.dlnews.com/articles/regulation/polymarket-banned-romania-for-operating-without-a-licence/">https://www.dlnews.com/articles/regulation/polymarket-banned-romania-for-operating-without-a-licence/</a>
<a href="https://www.yogonet.com/international/news/2025/08/18/114882-polymarket-banned-in-australian-amid-crackdown-on-illegal-betting-election-wagering-concerns">https://www.yogonet.com/international/news/2025/08/18/114882-polymarket-banned-in-australian-amid-crackdown-on-illegal-betting-election-wagering-concerns</a>
<a href="https://dune.com/rchen8/polymarket">https://dune.com/rchen8/polymarket</a>
<a href="https://blog.uma.xyz/articles/unpacking-polymarkets-meteoric-rise-in-numbers">https://blog.uma.xyz/articles/unpacking-polymarkets-meteoric-rise-in-numbers</a>
<a href="https://www.marketwatch.com/story/polymarket-authorized-for-u-s-return-days-after-donald-trump-jr-joins-as-advisor-c3c8b348">https://www.marketwatch.com/story/polymarket-authorized-for-u-s-return-days-after-donald-trump-jr-joins-as-advisor-c3c8b348</a>
<a href="https://truthpredict.net/">https://truthpredict.net/</a>
<a href="https://www.forbes.com/sites/boazsobrado/2025/12/04/alleged-insider-nets-1-million-on-polymarket-in-24-hours/">https://www.forbes.com/sites/boazsobrado/2025/12/04/alleged-insider-nets-1-million-on-polymarket-in-24-hours/ </a><a href="https://www.youtube.com/watch?v=zcPwUiMPj6w"></a>
<a href="https://www.youtube.com/watch?v=zcPwUiMPj6w">https://www.youtube.com/watch?v=zcPwUiMPj6w</a>
<a href="https://news.kalshi.com/p/zohran-mamdani-cites-kalshi-election-odds">https://news.kalshi.com/p/zohran-mamdani-cites-kalshi-election-odds </a>
<a href="https://www.nytimes.com/interactive/polls/tennessee-us-house-7-special-election-polls-2025.html">https://www.nytimes.com/interactive/polls/tennessee-us-house-7-special-election-polls-2025.html </a>
<a href="https://www.natesilver.net/p/sbsq-26-do-prediction-markets-make">https://www.natesilver.net/p/sbsq-26-do-prediction-markets-make</a>
<a href="https://www.axios.com/2024/07/16/nate-silver-polymarket">https://www.axios.com/2024/07/16/nate-silver-polymarket</a>
<a href="https://www.legalsportsreport.com/sports-betting-states/">https://www.legalsportsreport.com/sports-betting-states/ </a>
<a href="https://www.espn.com/chalk/story/_/id/23501236/supreme-court-strikes-federal-law-prohibiting-sports-gambling">https://www.espn.com/chalk/story/_/id/23501236/supreme-court-strikes-federal-law-prohibiting-sports-gambling </a>
<a href="https://x.com/Polymarket/status/1996978855538823522?s=20">https://x.com/Polymarket/status/1996978855538823522?s=20</a>

CZM Rewind: Oops All Gambling, Political Betting Joins the News

https://api.omny.fm/orgs/e73c998e-6e60-432f-8610-ae210140c5b1/clips/451583b0-b31d-460c-a2e6-b48d0141f6c0/transcript

James and Robert are joined by Karl Kasarda of InRangeTV to discuss a sensible approach to gun ownership after the election.

Original Air Date: 11.22.2024

Resources:

inrange.tv

https://theliberalgunclub.com/

https://www.instagram.com/armedequality/

James and Robert are joined by Karl Kasarda of InRangeTV to discuss a sensible approach to gun ownership after the election.
Original Air Date: 11.22.2024
Resources:
<a href="inrange.tv" data-ogsc="" data-outlook-id="40cf5f3e-2726-420c-bc1c-bb1aea072a20">inrange.tv</a>
<a href="https://theliberalgunclub.com/" data-ogsc="" data-outlook-id="fa31c042-77ed-4559-8f27-201b8380bc72">https://theliberalgunclub.com/</a><a href="https://nam04.safelinks.protection.outlook.com/?url=https%3A%2F%2Fwww.instagram.com%2Farmedequality%2F&amp;data=05%7C02%7CIanJohnson%40iheartmedia.com%7C9136fa949d9245c6392608dd09a4e454%7C122a527e5b714eba878d9810b495b9e3%7C0%7C0%7C638677326007095336%7CUnknown%7CTWFpbGZsb3d8eyJFbXB0eU1hcGkiOnRydWUsIlYiOiIwLjAuMDAwMCIsIlAiOiJXaW4zMiIsIkFOIjoiTWFpbCIsIldUIjoyfQ%3D%3D%7C0%7C%7C%7C&amp;sdata=%2Fpjm7vGQ4AIF4yPDhPkwjDm%2Bhz3miMcT6Kzuvqj44PM%3D&amp;reserved=0" data-ogsc="" data-outlook-id="c4e9f8c7-b989-4832-a4b5-1c3adbd823d0"></a>
<a href="https://www.instagram.com/armedequality/" data-ogsc="" data-outlook-id="c4e9f8c7-b989-4832-a4b5-1c3adbd823d0">https://www.instagram.com/armedequality/</a>

CZM Rewind: Safe Gun Ownership

https://api.omny.fm/orgs/e73c998e-6e60-432f-8610-ae210140c5b1/clips/1d9b48b7-c5e7-43e8-b110-b48d00137f42/transcript

Margaret continues the story of the last punk show played at Locust House

Margaret continues the story of the last punk show played at Locust House

CZM Book Club: Locust House, by Adam Gnade (Part Three of Four)

https://api.omny.fm/orgs/e73c998e-6e60-432f-8610-ae210140c5b1/clips/8a5aaa09-9ad2-486d-ad9d-b48c00221eb2/transcript

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

It Could Happen Here

In 1 playlist(s)

It Could Happen Here

Social links

Follow podcast

Recent clips