On Background from Against the Rules

On Background from Against the Rules

Author: Pushkin Industries January 31, 2023 Duration: 2:56

Michael Lewis's next book is all about Sam Bankman-Fried, founder of the crypto-currency exchange FTX, who now faces federal charges. As with all of his books, Lewis is talking with experts to get background context on the world his characters inhabit. For the first time, these interviews will be recorded, on the record.

In this special monthly series from Against the Rules, we'll hear Lewis in conversation with experts such as a tech wizard who traces secrets on the blockchain; a scholar of white-collar crime and punishment; a regulator who knows what crypto firms are – and aren’t – allowed to do with other people’s billions; and an insider who can follow the influence of crypto on campaign finance.

“On Background” from Michael Lewis and Against the Rules drops monthly, starting February 14th, 2023.

See omnystudio.com/listener for privacy information.


Fifteen years have passed since Michael Lewis published his defining work, Against the Rules: The Big Short Companion. In that time, the story of the 2008 financial crisis, first told in his best-selling book and later in an Oscar-winning film, has only grown more relevant. This audio companion, produced by Pushkin Industries, is not a simple retrospective. Instead, Lewis, joined by co-host Lidia Jean Kott, uses the anniversary as a starting point for a deeper investigation. They examine the enduring legacy of that seismic event-how its lessons were absorbed, ignored, or misunderstood in the worlds of business, culture, and even sports. Listeners are brought directly into conversations that feel both urgent and reflective, including Lewis catching up with the film's director, Adam McKay, and revisiting the real-life individuals whose stories fueled the original narrative. The result is a podcast that functions as a vital, living appendix to a modern classic, asking what we truly learned and how the rules of the game have-or haven't-changed since the house of cards came tumbling down. It’s an essential listen for anyone who wonders how the past continues to shape our present.
Author: Language: en-us Episodes: 100

Against the Rules: The Big Short Companion
Podcast Episodes
On Background: Preparing for Sam Bankman-Fried's Trial [not-audio_url] [/not-audio_url]

Duration: 30:29
The former CEO of now-bankrupt crypto firm FTX, Sam Bankman-Fried has been charged with fraud and conspiracy. His trial is supposed to begin in October. In the final episode of On Background, Michael Lewis speaks to form…
The Sudden Celebrity of Sir John Knight from Revisionist History [not-audio_url] [/not-audio_url]

Duration: 48:26
In the battles over gun rights, a shadowy English nobleman from the 17th century has unexpectedly taken center stage. Who was he? What did he do that has — 300 years later — endeared him to a generation of legal scholars…
On Background: The Political Spender America Deserves [not-audio_url] [/not-audio_url]

Duration: 29:02
During the 2022 election cycle, crypto mogul Sam Bankman-Fried gave as much as $40 million in political donations. That whopping sum caught the attention of campaign finance watchdogs, even before Bankman-Fried was arres…
On Background: Who Buys Distressed Assets? [not-audio_url] [/not-audio_url]

Duration: 35:25
Andy Mitchell could be called a "doctor for business." His firm, Lantern Asset Management, buys up businesses in immediate need of cash and willing to sell at bargain-basement prices. Michael Lewis calls up Mitchell to g…
On Background: Effective Altruism Still Has Friends [not-audio_url] [/not-audio_url]

Duration: 34:27
One-time crypto-currency king Sam Bankman-Fried was a big proponent of a philosophical movement known as “effective altruism,” or EA. Advocates of EA say we should use data and reason to find the best ways of doing good.…
On Background: Crypto Skeptic Proven Right [not-audio_url] [/not-audio_url]

Duration: 31:51
If you spend any time reporting on the world of crypto currency and Bitcoin, then you’re going to run across the name Molly White. She’s a software engineer who has been called "the cryptocurrency world's biggest critic.…
On Background: A History of Bankruptcy in the US [not-audio_url] [/not-audio_url]

Duration: 33:12
Often when a corporation declares bankruptcy, that happens at the end of a long and difficult road. But entering bankruptcy proceedings also means setting out on a new and equally difficult road. That’s where Michael Lew…
On Background: White-Collar Crime and Punishment [not-audio_url] [/not-audio_url]

Duration: 39:25
Why do people commit white-collar crimes? And how has the way we think about — and prosecute — white-collar criminals changed over time? As part of the background research for his next book, which is about Sam Bankman-Fr…
On Background: Bad Actors on the Blockchain [not-audio_url] [/not-audio_url]

Duration: 36:09
For his next book, Michael Lewis wants to find out how investigators manage to trace the murky trail of illicit crypto. Cryptocurrency started with the dream of cash changing hands without a trace. But that dream has tur…
Episode 7: The Person Who Knows [not-audio_url] [/not-audio_url]

Duration: 45:21
The United States had a pandemic plan. But when a pandemic came, we hesitated to follow it. The country was hobbled by argument and doubt. Much of that doubt came from experts who proposed that Covid might not be as leth…