# David Zaring on Skinny Charters and the Future of Banking

Page: https://stenobird.com/podcast/macro-musings-with-david-beckworth-574582/david-zaring-on-skinny-charters-and-the-future-of-banking
Text version: https://stenobird.com/podcast/macro-musings-with-david-beckworth-574582/david-zaring-on-skinny-charters-and-the-future-of-banking.md
Podcast: [Macro Musings with David Beckworth](https://stenobird.com/podcast/macro-musings-with-david-beckworth-574582)
Published: 2026-05-25T12:00:00+00:00
Episode link: https://macromusings.libsyn.com/david-zaring-on-skinny-charters-and-the-future-of-banking
Audio file: https://traffic.libsyn.com/secure/macromusings/MM-544-DavidZaring-Audio-Final.mp3?dest-id=865793
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JSON: https://stenobird.com/v1/public/podcasts/macro-musings-with-david-beckworth-574582/episodes/david-zaring-on-skinny-charters-and-the-future-of-banking
Duration seconds: 3350

## Resource

David Zaring is legal scholar and professor at the University of Pennsylvania. In David's first appearance on the show, he discusses the role the Great Financial Crisis played in FinReg scholarship, how he came up with the term "skinny" in the new skinny Fed master accounts, the tumultuous road of Custodia vs. the Fed, a reimagined way to look at federal bank charters, whether commerce and banking are actually still separate, Fed independence and how it functions in a more corporatist model, and much more. Watch the full length video on our new YouTube Channel! Check out the transcript for this week's episode, now with links. Recorded on April 24th, 2026 Subscribe to David's Substack: Macroeconomic Policy Nexus Follow David Beckworth on X: @DavidBeckworth Follow David Zaring X: @ZaringDavid Follow the show on X: @Macro_Musings Check out our Macro Musings merch! Timestamps 00:00:00 - Intro 00:02:04 - The Great Financial Crisis and FinReg Scholarship 00:04:58 - David's Experience with Fintech Charter Litigation 00:17:18 - Skinny Charters 00:37:16 - How to Govern the Fed 00:55:10 - Outro

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## Transcript

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