Lev Menand
speaker
1,295 appearances
6 recordings
1 series
first heard Jan 2025
last heard 17 Jul
Lev Menand’s voice in public audio — every appearance, attributed to the second.
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recordings per month · last 12 monthsRecordings per month over the last 12 months — 2 in all, peaking in Jul 2026 with 1.
Appearances
It happened to be the case that the seventy-four crisis that we talked about.
They felt like
Things were too too fragile.
to do anything.
Similarly, in the aftermath of 2008, there was a similar mindset.
You might recall, there were more significant reforms discussed and at least mooted privately, including with respect to repo and euro dollar liabilities.
And the thought was.
We're in a bad recession right now.
We should try to get out of that recession, and let's not upset the Apple cart.
And so clearly a certain type of crisis is not enough either.
If you just look to history, one thing you do see is if the crisis is really bad, not like seventy-four or oh eight, but like nineteen thirty-three.
then you get fundamental structural reform.
And so if the Euro dollar market were to lead to
economic fallout on that scale.
I feel very comfortable predicting that it would be fundamentally reformed.
questions.
So of course it could look like
A bunch of different things.
There's not
One answer.
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