Anat Admati, Professor of Finance and Economics at the Stanford Graduate School of Business, is a co-author of the forthcoming book The Bankers’ New Clothes: What’s Wrong with Banking and What to Do about It.
Dear Ms Admati,
I do agree with your first paragraph. It remains distorted and dangerous. When they play well, only the "Right stuff" wins, if not everyone looses. And I cannot see any sign of ch…