Four banks. One policy. And a financial crisis that changed the world.

Australia’s “Four Pillars” policy was designed to keep our biggest banks apart, but did it also help make them stronger? In this episode, we head back to the 1990s, then across the Pacific to the US housing boom and the Global Financial Crisis, to find out what happens when banks get too big to fail.Why did the Australian banking system weather the GFC so differently from America’s? And when governments step in to protect the financial system, who exactly are they protecting?

From the Four Pillars to Wall Street, this is a story about banks, risk, competition, and the very big price of getting the balance wrong.

Right2BWrong Podcast website

Right2BWrong Pty Ltd.

© Copyright Right2BWrong