The financial industry is supposed to be our economy’s plumbing, quietly channeling capital to investments where it’s needed most. But in today’s system, that plumbing is leaking. From rising credit card rates and opaque lending products to the decline of local banking and the growth of speculative activity, the financial sector is increasingly disconnected from the real economy it was built to serve.

Rohit Chopra, former director of the Consumer Financial Protection Bureau, joins Oren to examine how finance lost its purpose and what it would take to restore it. They discuss the limits of regulation versus enforcement, the rise of non-bank financial products, and the growing concentration of credit markets. They also consider whether novel activities like online sports betting and prediction represent genuine innovation or simply new ways to extract more money from consumers.