“Is this complicated, risky [banking] system the best we can have?” -- Anat R. Admati
#Banking #Complicated
“Typical reaction to scrutiny: attack and mock messenger and message, minimize the problem, hope attention dies down.” -- Anat R. Admati
#Typical #Attention #Messengers
“No business in the economy has the easy money that banks get to play with.... The existence of banks with single digit amounts of equity is a completely unhealthy existence -- that is not only a risk for the banks, but for all of us.” -- Anat R. Admati
#Play #Risk #Easy
“Beware of economists who hide assumptions.” -- Anat R. Admati
#Assumption #Economist
“The politics of banking is bad everywhere, including UK. Eurozone has more problems, unhealthy symbiosis.” -- Anat R. Admati
#Banking #Symbiosis #Problem
