"The Fifth Risk" by Michael Lewis explores the often-overlooked risks associated with government operations and the potential fallout from neglect and poor management. The book emphasizes how critical functions, such as disaster preparedness and national security, can be compromised when federal agencies are underfunded or misunderstood by political leaders.

Lewis argues that the lack of investment and attention in these areas can lead to disastrous consequences for society. He highlights the importance of competent civil servants who strive to protect the public interest, shedding light on their efforts amid political chaos, a theme encapsulated in the phrase "BAFU: Billions and All Fucked Up."