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Broke: America's Banking System, Common Sense Ideas to Fix Banking in America Paperback – 2013
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Published by The Risk Management Association ("RMA") and written by Richard J. Parsons, Broke: America's Banking System, Common Sense Ideas to Fix Banking in America recommends systemic improvements to basic banking in America and offers a common sense approach to transforming the industry. The recent financial crisis revealed substantial design flaws in the U.S. and global banking systems. Although public policy makers like the Federal Reserve have done an admirable job of preventing the crisis from becoming the Second Great Depression, the system remains flawed. As a result, the U.S. is vulnerable to future banking shocks that could lead to greater government intervention and more financial hardship for Americans. Parsons seeks to break the trend of repeating the same mistakes with thoughtful insights and recommendations to help the banking industry regain its stature. Broke consists of five sequential parts: Part 1 - Case Study: The Community Banking Crisis in America Part 2 - Bankers and Directors: It's Time to Raise the Bar Part 3 - Apple Pie, Chevrolet, and Bank Failures Part 4 - Questions for Regulators and Lawmakers Part 5 - Moving Forward
Top customer reviews
I hope bank CEOs, board directors, government regulators and legislators read this book and take up his call to action.
Most recent customer reviews
Mr. Parsons is gifted in his thought provoking analysis and ability to present his...Read more