Big Banks Claim Reform Will Hurt the Economy. Here’s Why That’s BS

“The progress has been totally unfocused and insufficient. ” Including the Courts!

Justice League

Anat Admati, who teaches finance and economics at the Stanford Graduate School of Business, is co-author of The Bankers’ New Clothes, a classic account of the problem of Too Big to Fail banks. On May 6th she will address the “Finance and Society” conference sponsored by the Institute for New Economic Thinking, featuring influential women who have challenged the status quo, like Federal Reserve Chair Janet Yellen, IMF Managing Director Christine LaGarde, and Senator Elizabeth Warren. Admati will join Brooksley Born, former chair of Chair of the Commodities Futures Trading Commission, to discuss how effective financial regulation can make the system work better for society. Seven years after financial hell broke loose, Admati warns that we are far from fixing a bloated and dangerous financial system – and that the system can’t fix itself. Why should you care? This gigantic house of cards could fall on you.

Lynn Parramore: How…

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