“This is a marvelous book! Well-writteneven enjoyable to readabout local banking! Packed with important information, not only for the expert, but for anyone, activist or public official, Put it on top of your reading pile!”
Gar Alperovitz, author of What Then Must We Do?
“A clear, accessible, practical, grounded, and authoritative intro- duction to how banks account for their use of your money.”
David Korten, author of Agenda for a New Economy: From Phantom Wealth to Real Wealth
What do they think they’re doing?
The global network of banks, brokers, funds, dealers, servicers, and all the rest is a marvel of the 21st centuryfor better and frequently worse. In the aftermath of the worst financial crisis in a generation, there has never been a more important time to understand how the system works... and why it doesn’t.
Checking the Banks is an easy-to-read primer on how a bankand the banking systemworks. Complex ideas, like bank capital, leverage, risk-weighting, and repo transactions are explained in clear, understandable language.
This is a book for
- People who want to understand banks,
- Activists determined to change them,
- Reformers seeking to build alternatives.