The Bankers’ New Clothes: What’s Wrong with Banking and What to Do about It - New and Expanded Edition

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Anat Admati, Martin Hellwig 978-0691251707 Princeton University Press 2024

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Why our banking system is broken—and what we must do to fix it


New bank failures have been a rude awakening for everyone who believed that the banking industry was reformed after the Global Financial Crisis—and that we’d never again have to choose between massive bailouts and financial havoc. The Bankers’ New Clothes uncovers just how little things have changed—and why banks are still so dangerous.

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