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Broke: America's Banking System, Common Sense Ideas to Fix Banking in America Paperback – January 1, 2013


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Product Details

  • Paperback: 181 pages
  • Publisher: The Risk Management Association ("RMA"); First Edition edition (2013)
  • Language: English
  • ISBN-10: 0988637901
  • ISBN-13: 978-0988637900
  • Average Customer Review: 4.9 out of 5 stars  See all reviews (12 customer reviews)
  • Amazon Best Sellers Rank: #285,261 in Books (See Top 100 in Books)

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Customer Reviews

4.9 out of 5 stars
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See all 12 customer reviews
Easy to read and easy to understand.
Mpcote1
Mr. Parsons is gifted in his thought provoking analysis and ability to present his thoughts effortlessly.
jim gamellia
This is an extremely insightful book on critical aspects of running a bank and managing through risk.
David Head

Most Helpful Customer Reviews

3 of 3 people found the following review helpful By Craig Auerbach on June 6, 2013
Format: Paperback Verified Purchase
I'd recommend Rick's book for anyone who is interested in better understanding the current state of the country's financial system. Well written without too much jargon and a great historical perspective on how things got to where they are. You don't need to be a risk or financial professional to benefit from Rick's insights, although having at least a working knowledge of the financial system obviously helps.
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3 of 3 people found the following review helpful By Noma Bruton on April 26, 2013
Format: Kindle Edition Verified Purchase
I read this book after having served as the Chief Human Resources Officer in a regional bank in California throughout the Great Recession. I was astounded by the extent to which Mr. Parsons identified the root causes of the recent banking industry crisis. It was as if he had been sitting in bank C-suites and board meetings throughout the country for the past five years. He has clearly done his homework and a great deal of analysis. His conclusions go much deeper than the conventional wisdom. Mr. Parsons couples research with his extensive personal experience to recommend what he calls "common sense" solutions. From my perspective, almost every point he made rang true.

I hope bank CEOs, board directors, government regulators and legislators read this book and take up his call to action.
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2 of 2 people found the following review helpful By jim gamellia on July 13, 2013
Format: Paperback Verified Purchase
A surgical view of banking as a function of the American society for better or worse.
Mr. Parsons is gifted in his thought provoking analysis and ability to present his thoughts effortlessly.
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2 of 2 people found the following review helpful By J. Koon on July 11, 2013
Format: Paperback Verified Purchase
Rick Parsons has the 20/20 on the year 2020. Told with a Main Street banker's perspective on what just happened in the Credit Crisis, this is an entertaining and analogy-rich portrayal of the past, present, and an unaffected future. Read it and share it.
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2 of 2 people found the following review helpful By David Head on May 12, 2013
Format: Paperback Verified Purchase
This is an extremely insightful book on critical aspects of running a bank and managing through risk. It is written in a straightforward manner that both career bankers and the interested stakeholder can appreciate. I would recommend this to anyone who wants an inside look at what key elements must be present to create strong oversight for a bank.
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2 of 2 people found the following review helpful By S Blackburn on April 30, 2013
Format: Paperback
This former banking executive has given his spot-on assessment of what is most definitely a broken system. From Parson's detailed explanations of US history to his first-hand knowledge of modern day follies, he's captured the essence of where we've derailed banking in America. The difference between this book and others written on the subject is Parson's willingness to call the industry leaders and regulators to action with practical and common sense measures that, if implemented, could very well repair and sustain this core business model. You'll smile at his wit, ponder over how the gross negligence could have happened in the first place and hope his ideas cause bankers, directors and regulators to stand up and take notice.
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