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Broke: America's Banking System, Common Sense Ideas to Fix Banking in America
Published by The Risk Management Association ("RMA") and written by Richard J. Parsons, 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 Part 1 - Case The Community Banking Crisis in America Part 2 - Bankers and 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
- GenresBusiness
181 pages, Paperback
First published January 1, 2013
7 people want to read
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April 27, 2013
Richard J. Parsons has written an important book about the banking system in America.
I am astounded by the extent to which Mr. Parsons has identified the root causes of the recent banking industry crisis. He writes 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 banking experience to recommend what he calls "common sense" solutions. From my perspective, almost every point he made rings true.
I hope bank CEOs, board directors, government regulators and legislators read this book and take up his call to action.
I am astounded by the extent to which Mr. Parsons has identified the root causes of the recent banking industry crisis. He writes 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 banking experience to recommend what he calls "common sense" solutions. From my perspective, almost every point he made rings true.
I hope bank CEOs, board directors, government regulators and legislators read this book and take up his call to action.
Displaying 1 of 1 review