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

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

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