Anat Admati in “The Bankers’ New Clothes: co-authored with Martin Hellwig argues that we need to make banks strong again.  Bankers like Jamie Dimon have a vested interest in keeping banking just the way it is, which is the way it was prior to the financial crisis of 2007-2009.  New regulations which increase capital requirements are not the answer.  One simple answer to protect depositors is to increase equity ratios.

Attached is the new preface from “The Bankers’ New Clothes.”