How Banks Abandoned the Public Good, and Chose Profit Over Stability


Law professor Mehrsa Baradaran explains how decades of banking deregulation have lead to a new, harsh financial system that exists to extract wealth from poor customers and support from America's political class, what happens to an industry (and economy) that chooses immediate profit over long-term stability, and why postal banking offers a way to restore upward mobility to a class of people who can't afford credit in the current marketplace.