World’s Oldest Financial Institutions Facing New Levels of Risk
The IMF is more important than ever in times of crisis
Welcome to the Wall Street Week newsletter, bringing you stories of capitalism about things you need to know, but even more things you need to think about. I’m David Westin, and this week Kathryn Judge of Columbia Law School took us through the risks of Anthropic’s Mythos for the banking system, and Gita Gopinath of Harvard explained how the IMF responds to shocks like the Iran War. If you’re not yet a subscriber, sign up here for this newsletter.
Treasury Secretary Scott Bessent and Fed Chair Jay Powell got the attention of the banking system by summoning the heads of the big banks to Washington to warn them about the risks posed by Anthropic’s new Mythos system.