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

by Anat Admati & Martin Hellwig

The Bankers’ New Clothes pulls back the curtain on modern banking, revealing how financial institutions take on massive risks with minimal actual capital—privatizing profits while offloading potential losses onto the public. Anat Admati and Martin Hellwig, two of the world’s leading economists, expose the flaws in the banking system, debunk common myths about financial regulation, and offer a clear roadmap for reform. A must-read for anyone who wants to understand how banks really work and why financial crises keep happening. File this under: ‘Lessons humanity refuses to learn.’