How the Financial Crisis Broke Wall Street

About this episode

Michael Lewis discusses Wall Street's changes post-financial crisis with Matt Levine.

To make sense of Wall Street’s hangover from the crash described in The Big Short, Michael Lewis calls up Matt Levine. Levine is author of the Money Stuff newsletter for Bloomberg Opinion and co-host of a podcast by the same name. He’s also a former investment banker who was working at Goldman Sachs during the market crisis of 2008. He and Lewis talk about Bitcoin, bank regulation, and new forms of risk-taking — all ways Wall Street has changed since the crisis. Order The Big Short audiobook, now narrated by Michael Lewis, on Audible , Spotify , pushkin.fm/bigshort or wherever you get audiobooks. See omnystudio.com/listener for privacy information.

People in this episode

Host: Michael Lewis

Guest: Matt Levine

Topics covered

• financial crisis
• Wall Street
• Bitcoin
• bank regulation
• risk-taking

Keywords

• financial crisis
• Wall Street
• Bitcoin
• bank regulation
• risk-taking
• The Big Short

Mentioned in this episode

Organizations: Bloomberg Opinion, Goldman Sachs, Audible, Spotify, pushkin.fm

Products: The Big Short audiobook

More episodes of Against the Rules with Michael Lewis

• Blockers: A New Audiobook from Michael Lewis · June 4, 2026 · 2 min
• From Medal of Honor: James Fleming’s Impossible Vietnam War Rescue · May 27, 2026 · 31 min
• Sir David Attenborough: The Voice of the Natural World Turns 100 | From Big Lives · April 27, 2026 · 1h 1m
• Live with Nicolle Wallace · December 16, 2025 · 44 min
• Michael Burry Speaks · December 2, 2025 · 40 min
• How the Financial Crisis Broke Politics · November 25, 2025 · 44 min