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    Artwork for American Scandal
    Episode

    Lehman Brothers | Too Big, Still Failing | 5

    American Scandal · Feb 10, 2026 · 31 min

    Like many Americans, the 2008 financial crisis left Anat Admati furious. A professor at Stanford, she became one of the country’s leading voices calling attention to how confusion, complexity and misleading claims allowed major banks to load up on dangerous amounts of debt. Today, she argues that little has changed. In this conversation, we discuss the faulty arguments bankers use to fight…

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