Why the CrowdStrike bug hit banks hard

Programming note: I recently launched a weekly podcast,* *Complex Systems* with Patrick McKenzie. About 50% of the conversations cover Bits about Money's beat. The remainder will be on other interesting intersections of technology, incentives, culture, and organizational design. The first three episodes covered *teaching trading*, Byrne Hobart on the *epistemology of financial firms*, and *the tech industry vs. tech reporting divide*. Subscribe to it anywhere you listen to podcasts. If you enjoy it, writing a review (in your podcast app or to me via email) helps quite a bit.