Shadow Banking: The Once and Future Economic Apocalypse
About this episode
Mia teaches Molly what shadow banking is, how it caused the 2008 financial collapse, and how they’re threatening to do it all again
Sources:
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://libcom.org/article/debt-first-5000-years-david-graeber
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