What is wrong with today's banking system? Anat Amadi, Professor of Finance and Economics at Stanford, presents The Bankers' New Clothes, her book with co-author Martin Hellwig, now out in paperback form. The book cuts through the jargon of banking, clears the fog of confusion, and presents the issues in simple and accessible terms. Banks are as fragile as they are not because they must be, but because they want to be--and they get away with it. Whereas this situation benefits bankers, it distorts the economy and exposes the public to unnecessary risks. The Bankers' New Clothes examines the narratives used by bankers, politicians, and regulators to rationalize the lack of reform, exposing them as invalid, as well as calling for ambitious reform and outlining specific and highly beneficial steps that can be taken immediately.

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