Michael Lewis
speaker
11,580 appearances
71 recordings
16 series
first heard Sep 2020
last heard 23 Jun
Michael Lewis’s voice in public audio — every appearance, attributed to the second.
Trend
recordings per month · last 12 monthsRecordings per month over the last 12 months — 64 in all, peaking in Oct 2025 with 44.
Appearances
It would have been cataclysmic.
The Federal Reserve and the U.S.
government steps in and guarantees.
Basically, I mean, this is crude.
Think of it as they guarantee all the loans.
They say, we're going to make everybody whole.
We're going to take these off.
Banks will take some haircuts, but we're going to take all these loans off your balance sheets, and we're going to make all the banks stable.
And it calms it all down.
The effect of this is to infuriate both the left wing and the right wing.
So this is where we're getting to why you need to know that now.
You can draw a direct line from that event to Donald Trump.
You can draw a direct line from that event to AOC.
If you've heard of Steve Bannon or Elizabeth Warren, their careers were actually created by this event, their political careers, on either side of the political spectrum.
But what happens is one side becomes the Tea Party, is infuriated that the government has walked in to save these Wall Street jerks from the mistakes they made.
And it's a populist, both sides are populist movements.
But the correct idea they had is that like, well, we in America live by capitalism.
And we all suffer when we make stupid business decisions.
How come the richest people who went to the best schools who made the most stupid decisions, why are their banks get propped up and they still get bonuses?
This pissed off people just enormously and rightly so.
Showing 5421–5440 of 11,580 · page 272 of 579
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