These days, we're never sure if and when we're going to see another snowstorm. So we're going to finish off the week with one more picture of last weekend's snow—now long gone.
"When I was young, I admired clever people. Now that I am old, I admire kind people." ~ Abraham Joshua Heschel
Book: https://amzn.to/3TWokW9
The Prophets by Abraham J. Heschel
Now available, a new and expanded edition of The Bankers’ New Clothes by Anat Admati & Martin Hellwig explains why our banking system is broken—and what we must do to fix it.
New bank failures have been a rude awakening for everyone who believed that the banking industry was reformed after the Global Financial Crisis—and that we’d never again have to choose between massive bailouts and financial havoc. The Bankers’ New Clothes uncovers just how little things have changed—and why banks are still so dangerous. Writing in clear language that anyone can understand, Anat Admati and Martin Hellwig debunk the false and misleading claims of bankers, regulators, politicians, academics, and others who oppose effective reform, and they explain how the banking system can be made safer and healthier. Thoroughly updated for a world where bank failures have made a dramatic return, this acclaimed and important book now features a new preface and four new chapters that expose the shortcomings of current policies and reveal how the dominance of banking even presents dangers to the rule of law and democracy itself.
Grab your copy of this acclaimed book:
https://hubs.ly/Q02dhzV90 (March 5 UK pub)
The Economist
Much about the collapse of Silicon Valley Bank has been profoundly modern. But the Federal Reserve’s latest financial-system intervention is a new twist on an old story https://econ.trib.al/kFUb4CS
Illustration: Zoe Si
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