4 of 5 people found the following review helpful
A must read (but very carefully!) if you have interest in banking.,
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This review is from: The Bankers' New Clothes: What's Wrong with Banking and What to Do about It (Hardcover)
In my view, this is an 80% correct book. It has some very questionable statements (like "more equity has no cost to society", or that Basel II internal models are to blame for the crisis - Basel II was implemented at year-end 2007 and the internal models only a couple of years later). But this book make us think!
The first chapters seem like "debt for dummies" (the notes, very inconveniently placed at the end of the book, are much better!). However, when the authors enter into questioning regulations, the book becomes very interesting. A must read!
I do not agree with most of the conclusions, but it is a pleasure reading the book: I have to rate it with 5 stars.