He believes that if the government chose to bail out banks rather than put them into bankruptcy, they should have acquired significant equity stakes.

“My big complaint during the bailouts were, hey, if you're going to give these publicly traded companies a bailout and not send them to bankruptcy court, well, great. Take 40% of the company and promise to sell it back to the public markets within a decade.”

She believes regulators should have imposed more accountability on Wall Street and that the bailouts were too generous.

“I do think there should have been more accountability. I think, meaning bankers Wall Street helped create. Yes. We should have at least provided more financial penalties, even if we're going to send people to jail. I think the bailouts could have been less generous.”

The 2008 crisis fostered a healthy skepticism of the rhetoric that frames complex, high-risk financial innovation as being too sophisticated for regulation.

“another gift that it gave me was, I think, a healthy skepticism of innovation rhetoric, right? Because if you think back to 2008 and what caused it, you know, there was all these stories about, well, these new financial products, these complex new derivatives, we don't need to regulate them.”