First published 2018
Wall Street faces a crisis of public trust. Former banker William Cohan argues that Americans who enjoy smartphones, cars, and retirement funds depend on financial institutions more than they realize. Cohan acknowledges the bad conduct that led to the 2008 crisis and has criticized these behaviors in his previous work. Yet he grows concerned about the intense hostility now directed at bankers, traders, and executives. The author contends that these financial professionals keep the economy running and improve daily life for ordinary people. Cohan warns that restricting Wall Street's operations could harm everyone. He makes the case that financial institutions serve a vital function despite their flaws. The book challenges readers to reconsider their assumptions about banking and finance in modern America.
Genres: business, economics, non-fiction, 21st-century, finance
Vibes: thought-provoking
Tropes: challenging-assumptions
Setting: America
Period: 2008-crisis
192 pages · Paperback · Penguin