How come bankers take the profits while we take the risks?
Checking the Banks is an easy-to-read primer on how a bank—and the banking system—works. Complex ideas, like what is a bank’s capital, along with leverage, risk-weighting, and repo transactions are explained and made simple.
“Tom Sgouros offers a sorely-needed set of recipes for building financial institutions that respond to the needs of our economy and the desires of our citizens—from credit unions to cooperatives, and from special-purpose municipal authorities to full-fledged public banking institutions.”
There has never been a more important time for people to understand how the financial system works… and why it doesn’t.
You may also be interested in Tom Sgouros book, Ten Things You Don’t Know About Rhode Island
- About Tom Sgouros…
- The Banks are Broken. Let’s Fix them—Ourselves: Interview with Tom Sgouros in The Providence Phoenix
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