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. Read more:US Debt Load Tops Fed’s Survey of Financial Stability RisksFiscal Debt Binge Is World’s Biggest Stability Threat, BIS SaysSubprime Collapse to Global Financial Meltdown: Timeline Only Bloomberg.com subscribers can get the Odd Lots newsletter in their inbox each week, plus unlimited access to the site and app. Subscribe at bloomberg.com/subscriptions/oddlotsSee omnystudio.com/listener for privacy information.
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