We have a very good banking system, but you wouldn't know it. It has gotten a well-deserved bloody nose. Bankers put the country on the verge of a complete financial collapse, and it's going to take a lot of work to regain the public's trust. People lost their jobs, and families lost their homes. Everybody wants to understand how the system works so that this won't happen again. There's no one better to turn to than author Courtney Dufries, a lifelong banker, experienced regulator, and successful consultant.
In this detailed and witty account of the banking industry, you'll learn how banks operate and why bankers screw up. Walk away knowing answers to questions like these:
What roles do borrowers, lenders, and buyers play in our economy?
Who regulates all of these very different financial institutions?
Why do we have so many taxpayer-backed government-sponsored enterprises?
What caused the financial Panic of 2008 that hurt so many people?
How can we prevent such a crisis from happening again?
This comprehensive analysis calls out the foolish bankers for their mistakes while fairly appraising the industry and its future. It doesn't matter whether you are a taxpayer, banking professional, or regulator. You need to know how the entire mess could have been prevented. It begins by understanding"Ten Lessons Bankers Never Learn."