Anat Admati: What’s wrong with banking (and what to do about it)

What you can see in this photo very clearly is just exactly how extremely vulnerable and dangerous the method banks live is. The large takeaway is that financial does not control itself, that banking has to be managed in order to function for society.Do not believe the spin and narrative that economic dilemmas are just something that we have to live with like a natural disaster. Your job is to make the financial system work for culture.

What you can see in this image very clearly is simply how exceptionally vulnerable and high-risk the way banks live is. The huge takeaway is that financial doesn’t manage itself, that banking must be controlled in order to work for society.Do not think the spin and story that monetary dilemmas are simply something that we have to live with like an all-natural catastrophe. Your job is to make the banking system work for culture.

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