Saturday, March 16, 2013

What’s Inside America’s Banks?

Frank Partnoy and Jesse Eisinger wrote in last month's Atlantic What’s Inside America’s Banks? "Some four years after the 2008 financial crisis, public trust in banks is as low as ever. sophisticated investors describe big banks as ‘black boxes’ that may still be concealing enormous risks—the sort that could again take down the economy. A close investigation of a supposedly conservative bank’s financial records uncovers the reason for these fears—and points the way toward urgent reforms."

It's very good and a bit long. Taibbi-like but without the swearing and with more details and concrete suggestions.

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