Macro N Cheese

**Every episode of Macro N Cheese is accompanied by a full transcript and an “Extras” section with links to further resources. Check them out at realprogressives.org/macro-n-cheese-podcast It’s been two years since Bill Black was last on with Steve. We’ve invited several guests to talk about the collapse of Silicon Valley Bank, so it only makes sense to ask our whistleblower friend to weigh in. Bill and Steve discuss what it means to be too big to fail. When an institution is too big to fail, the creditors get bailed out, but then, Bill says, “really really bad things have happened.” “...they hold the economy hostage. And nowadays they hold the global economy hostage. And if you hold the global economy hostage, you hold global politics hostage. So that needs to be fixed. And the way to fix that is not to allow such institutions, right? Duh,” The episode looks at the capture of government by the financial industry. Bill talks about his experience during the savings and loan crisis and the transition from somew