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Matthew Scherer

Fellow at Open Markets Institute focusing on technology policy, AI regulation, and market concentration; formerly Senior Policy Counsel for Workers' Rights and Technology at Center for Democracy and Technology

Jun 5, 2026

25:13
Can you give us, uh, you know, tell us about that and give us a, a, a few examples?
25:20
Yeah.
25:21
So the distinction as far as I know, I'll always give a hat tip to the intellectual godmothers, uh, in this case of an idea, and that would be Cheryl Bloch, uh, a law professor who I believe was at Vander- or no, Washington University, uh, for a long time.
25:38
And she wrote this in 1991 in the aftermath of the savings and loan bailouts.
25:43
Um, but so overt bailouts are ...
25:49
The, the best example of that is the bailouts that was essentially given to Wall Street, uh, that was given to Wall Street in the aftermath of the 2008 financial crisis.
25:58
Uh, that was a congressional act that everybody knew that was explicitly designed to bail out a particular industry.

5 MINS LATER

31:24
Am I overstating the case there?

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