Boom Bust Season 1 Episode 51 Cause and Effect of a Financialized Economy; Francine McKenna On Auditing

Cause and Effect of a Financialized Economy; Francine McKenna On Auditing is the 51st episode of the first season of the television show Boom Bust. In this episode, the hosts explore the concept of a financialized economy and the effects it has on society as a whole.

The episode starts off with a discussion of what it means to have a financialized economy. The hosts explain that a financialized economy is one where the financial sector has become increasingly important and dominant. They discuss how this can lead to a number of negative consequences, such as increased income inequality and a greater risk of financial instability.

Next, the hosts interview Francine McKenna, an expert on auditing. McKenna discusses the role of auditors in today's financialized economy and the challenges they face in ensuring that companies are complying with financial regulations. She also talks about how auditing can help to prevent financial fraud and protect investors.

The episode then moves on to a discussion of the recent scandal involving Wells Fargo, in which the bank was found to have opened millions of fraudulent accounts without customers' knowledge or consent. The hosts examine how this scandal highlights the need for stronger regulations and oversight of the banking industry.

Finally, the episode wraps up with a discussion of the current state of the economy and the future of the financial sector. The hosts talk about the challenges facing the economy, such as high levels of debt and low levels of productivity growth, and explore what can be done to address these issues.

Overall, Cause and Effect of a Financialized Economy; Francine McKenna On Auditing is an informative and thought-provoking episode that offers valuable insights into the complexities of our modern financial system. Whether you're an investor, a policy maker, or simply interested in the workings of the economy, this episode is well worth watching.