Two Crises, Lasting Impact: Andrew Ross Sorkin on How 1929 and 2008 Still Shape Finance

The podcast explores the intersection of finance, policy, and history through the lens of Andrew Ross Sorkin's career and books. Sorkin discusses his early disinterest in journalism, the creation of Dealbook, and his transition to television. A key focus is the 1929 stock market crash and its policy implications, contrasting it with the 2008 financial crisis. Sorkin highlights the role of debt in systemic crises and the importance of transparency and lender-of-last-resort actions. He recounts stories and key figures from the 1929 era, such as John Raskob and Evangeline Adams, and examines the political dynamics surrounding Glass-Steagall. The conversation also touches on the psychological impact of financial crises and the lessons policymakers should learn from history.