May 22, 2019
Authored by: Robert Klingler
In December 2017, the FDIC published a written history of the financial crisis focusing on the agency’s response and lessons learned from its experience. Crisis and Response: An FDIC History, 2008–2013 reviews the experience of the FDIC during a period in which the agency was confronted with two interconnected and overlapping crises—first, the financial crisis in 2008 and 2009, and second, a banking crisis that began in 2008 and continued until 2013. The history examines the FDIC’s response, contributes to an understanding of what occurred, and shares lessons from the agency’s experience.
In April 2019, the FDIC followed up on the written summary with a “podcast” covering the same. While I am a huge fan of podcasts, as at least partially reflected in hosting The Bank Account, one of my pet peeves is when someone calls an audio download a podcast, without providing any convenient way to download that audio to a podcast application so that it can easily be listened to in the car, at the gym, or on a walk.
(Full disclosure: I listen to most podcasts, including banking podcasts, while running. I certainly can’t say that discussions of banking law motivate me to run any faster or farther, but I do at least listen to them at 1.5x speed.)
Rather than just complain (or ignore it), I decided to take action and created an rss feed for the FDIC’s podcast. Anyone should now be able to paste/enter https://bankbclp.com/fdic-podcast.xml into their podcast app of choice to subscribe to the FDIC’s Crisis and Response podcast. I’ve also published additional instructions on how to subscribe to the FDIC podcast with particular podcast applications.
While my overall feelings on the FDIC Crisis and Response podcast are, at best, mixed, the podcast does a good, and relatively concise, job addressing the regulatory crisis and the lessons learned from the FDIC’s perspective. Anyone following BankBCLP.com or listening to The Bank Account should certainly also subscribe to the seven episode FDIC Crisis and Response podcast.
And perhaps, like book club, we’ll discuss some further thoughts about the FDIC’s podcast here or on a future The Bank Account episode.
For now, I’ll just say it was probably a very good thing that I listened to the FDIC Crisis and Response podcast in my car (by myself) rather than while outside running. While other drivers may have been wondering what I was yelling at in my car (although perhaps they just thought I was singing along to some, presumably angry, music), I think I may have been committed to a mental institution if I had been running through Buckhead yelling about a few issues I had with the podcast. (Alternatively, I might need to try to listen again during the Peachtree Road Race… if I can channel my anger to run faster, I might set a new personal record!)