Tim Geithner on How to Fight the Next Financial Crisis

Odd Lots

Bloomberg

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4.4 • 1.6K Ratings

🗓️ 3 April 2025

⏱️ 48 minutes

🔗️ Recording | iTunes | RSS

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Summary

The 2008 financial crisis is fading into history, but the risks of something big happening again remain. In this episode, we speak with Tim Geithner, the former US Treasury secretary and head of the New York Fed during the tumultuous collapse of Lehman Brothers. The conversation coincides with the launch of Yale's New Bagehot Project, which is aimed at guiding the next generation of financial crisis-fighters (Geithner is Chair of the program on financial stability at the Yale University School of Management). We talk about what's most important when it comes to putting out financial fires, and what could have been done differently during 2008. And of course, we also talk current risks in the financial system.

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Transcript

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1:29.8	Bloomberg Audio Studios, Podcasts Radio News. Hello and welcome to another episode of the All Thoughts podcast. I'm Tracy Alloway.
1:45.5	And I'm Joe Wisenthal.
1:46.9	Joe, you know what sucks about getting old.
1:50.5	You know what? I twisted my, I hurt my neck the other day. And I was like, I said, you know, I was washing dishes and I hurt my neck. And I said, getting old is such a crime. I hate it.
2:00.4	But what were you going? Where were you going with that? Well, I was going to say you start to lose
2:04.2	shared experiences with a lot of people. And I realize this, whenever I make a Simpsons joke,
2:09.7	there are a lot of people now who do not get that frame of reference. And I was thinking
2:14.9	about this in relation to the financial system and specifically in relation to the 2008 financial crisis.
2:22.2	No, I've had this thought in the last year, which is that we're at the point where the 2008 financial crisis is like capital age history, right?
	...

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