Michael Hudson and Dennis Kucinich: The Anatomy of Bank Failures, the Financialized Economy and Collapse

Capitalism

Image by Ross via Flickr

by Michael Hudson
Writer, Dandelion Salad
March 23, 2023

Overview: This was an impromptu conversation precipitated by former Congressman Dennis Kucinich to have a deep dive discussion with a former economic advisor, Michael Hudson, on the shockingly large recent bank collapses. As the former chair of the powerful Government Oversight Subcommittee, Kucinich had a ringside seat in unraveling the bank collapses after the housing bubble burst. He confronted the players in the field with withering questions in Congressional hearings. Now Kucinich wanted important feedback from a banking insider on how this crisis was different than the one in 2008.

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