Against the Rules · November 18, 2025 · 34m

How the Financial Crisis Broke Wall Street

Michael Lewis calls up Matt Levine, former Goldman Sachs banker and Bloomberg columnist, to discuss the aftermath of the 2008 financial crisis. They explore how Bitcoin, bank regulation, and new forms of risk-taking have reshaped Wall Street since the crash described in The Big Short.

This summary was generated from show notes and public descriptions, not from a full transcript review. Details may contain inaccuracies.

Highlights

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Bitcoin and Wall Street's Risk Evolution

Lewis and Levine discuss how Bitcoin has introduced new dynamics to Wall Street risk-taking since the financial crisis.

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The Regulatory Aftermath of the 2008 Crash

The discussion turns to how bank regulations have been rewritten in response to the financial crisis.

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New Forms of Risk-Taking Since the Crisis

They explore how the appetite for risk on Wall Street has transformed, with new types of speculative instruments emerging.

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