In “The Bankers’ New Clothes: What’s Wrong with Banking and What to Do About It,” authors Anat Admati and Martin Hellwig criticize bankers such as Jamie Dimon, above, CEO of J.P. Morgan Chase & Co.
The gap between a tempest and $6 billion at one of America’s better-run banks may be enough to persuade even the most trusting soul to ask whether these are questions that should not be left to the bankers.
“The public has a much greater interest in the banks’ safety than the banks themselves,” Admati and Hellwig write.
Randolph Walerius is an analyst for the CQ Roll Call Washington Securities Briefing.
Rep. Bill Cassidy has his blood drawn by Alesha Barbour during a free hepatitis screening in the Rayburn House Office Building hosted by the Congressional Viral Hepatitis Caucus to recognize "National Viral Hepatitis Testing Day."
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