The following is an excerpt of a debate between Jason Furman and Gillian Tett from the Intelligence Squared podcast, they argue if the banking system safer than it was in 2008.
Is the Banking System Safer Than It Was in 2008?
Jason Furman (fmr. Obama advisor) argues YES / Gillian Tett (Financial Times) argues NO
The global banking system may be facing its most significant crisis since 2008. Within a short span, a run on deposits at Silicon Valley Bank quickly led to the third-largest bank failure in U.S. history, with Switzerland’s Credit Suisse later seeking government lifelines.
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A second US regional bank - Signature Bank - failed, and a third - First Republic Bank - was propped up. To some, these are signs of the kinds of broader risks the global economy stared down in 2008. In that context, award-winning debate series Intelligence Squared U.S. will tape a virtual debate on the question: “Is the Banking System Safer Than It Was in 2008?”
Arguing “YES” is Jason Furman, one of President Obama’s top economic advisors who served as chairman of the Council of Economic Advisers from 2013 to 2017. Arguing “NO” is Gillian Tett, chair of the editorial board and U.S. editor-at-large of the Financial Times, where she oversees global coverage of the financial markets.
While the debate will not be released widely until April 21, via public radio, video and the Intelligence Squared U.S. podcast, press are invited to attend and ask questions at the live virtual taping on Thursday, April 6 at 2:15 PM ET.
About The Participant
*Jason Furman: Former Chairman, Council of Economic Advisers
Jason Furman was one of President Obama’s top economic advisors who served as chairman of the Council of Economic Advisers from 2013 to 2017. Furman is professor of the practice of economic policy at Harvard Kennedy School and a nonresident senior fellow at the Peterson Institute for International Economics
*Gillian Tett: Chair of the Editorial Board and Editor-at-Large, Financial Times (U.S.)
Gillian Tett is chair of the editorial board and U.S. editor-at-large of the Financial Times, where she oversees global coverage of the financial markets. An award-winning journalist and best-selling author, Tett is also the co-founder of “Moral Money,” a twice-weekly newsletter on socially responsible business.
About Intelligence Squared U.S.
Intelligence Squared U.S. was founded to address a fundamental problem in America: the extreme polarization of our nation and our politics. Through its award-winning live debates and associated programming, the nonprofit organization serves as a model for responsible media in a new age - fair, intelligent, nonpartisan - while restoring critical thinking, facts, reason, and civility to public discourse.
