By Simon Johnson, James Kwak
Despite its key position in growing the ruinous monetary hindrance of 2008, the yank banking has grown higher, extra ecocnomic, and extra immune to law than ever. Anchored by means of six megabanks whose resources quantity to greater than 60 percentage of the country’s gross family product, this oligarchy proved it might first carry the worldwide economic system hostage after which use its political muscle to struggle off significant reform. 13 Bankers brilliantly charts the increase to strength of the monetary region and forcefully argues that we needs to get a divorce the large banks if we wish to keep away from destiny monetary catastrophes.
Updated, with new research of the government’s contemporary try to reform the banking undefined, it is a well timed and professional account of our afflicted political economic system.