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It Could Happen Here

Shadow Banking: The Once and Future Economic Apocalypse

It Could Happen Here

Cool Zone Media and iHeartPodcasts

News, Daily News, Society & Culture, Politics

4.06.5K Ratings

🗓️ 26 March 2026

⏱️ 62 minutes

🧾️ Download transcript

Summary

Transcript

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0:00.0

This is an I-Heart podcast.

0:02.5

Guaranteed Human.

0:05.9

Call Zone Media.

0:10.7

Welcome to It Could Happen Here, a podcast where a bunch of incredibly convoluted and very silly financial instruments destroy the entire world economy.

0:19.7

I am your host, Mia Wong. And with me

0:22.2

today is someone who does not spend all of her time deep in the bowels of arcane bullshit written

0:29.6

by different Federal Reserve boards. And that is Molly Conger, who is the host of the absolutely

0:35.9

delightful, I mean, okay, I guess this is a who is really

0:39.9

winning here kind of question in terms of the things we research. You spent a lot of time

0:46.7

reading stuff written by Federal Reserve guys. I read a lot of stuff written by guys

0:51.6

who want to kill the Federal Reserve guys. Yeah.

0:55.4

And you know what?

0:56.5

I still don't know what the Federal Reserve is, and I'm not going to find out.

1:00.4

You know, I don't actually think knowing what the Federal Reserve is somehow.

1:06.1

It doesn't change anything.

1:06.9

I don't think it's actually relevant to this.

1:09.4

I mean, it kind of.

1:10.3

It's obviously, it's relevant to everything. I mean, it kind of, it's obviously,

1:11.0

it's relevant to everything. But what Mia means to say is the reason I'm here is because I don't

1:16.1

know what the economy is. And at this point, I'm afraid to find out. And unfortunately,

1:20.4

your worst fears are happening. Oh, don't worry. By the end of this, I will not understand.

1:25.3

I am going to attempt to explain the economy.

...

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