, Hanauer and guest cohost Jessyn Farrell spoke with Anat Admati, a finance professor at Stanford's Graduate School of Business, on how banking is regulated in the US.
, is that the government cedes control over drilling regulations, handing the reins to the oil industry. While the government's regulations sought to protect unspoiled public lands, the oil industry's "regulations" seek to enrich shareholders and executives at the public's expense by exploiting irreplaceable environmental resources in exchange for a quick buck.
"I've become very interested in why capitalism and democracy are failing us altogether," Admati told Pitchfork Economics hosts Nick Hanauer and Jessyn Farrell. Admati's fascination with regulatory collapses led her to her role as director of, which seeks "to promote more accountable capitalism and governance," and also inspired her to coauthor a book titled "The Bankers' New Clothes: What's Wrong with Banking and What to Do About It.
Even though Wells Fargo technically owes its customers the money that they entrust them with, the FDIC insures those deposits and the government has proven that it's ready and eager to protect giant banks from crises of their own creation. We mapped out the ghost kitchens run by ex-Uber CEO Travis Kalanick's CloudKitchen and competitor REEF Technology. See where the fight for ghost kitchen dominance is heating up.
anatadmati paulconstant There is good regulation and bad regulation, there is good deregulation and bad deregulation. There are always regulatory laws and rules. EVERYONE KNOWS THAT.
anatadmati paulconstant This is nothing by a straw man argument -- Orwellian doublespeak. Setting up straw man arguments is intellectually indefensible. We need better public intellectuals and better professors. People are tired of the bullshit.