The economy, explained, with stories and surprises. Imagine you could call up a friend and say, "Meet me at the bar and tell me what's going on with the economy." Now imagine that's actually a fun evening. That's what we're going for at <em>Planet Money</em>. People seem to like it.
February 8th, 2012
Episode 448 of 943 episodes
Can we have a banking system that provides good services to people at reasonable rates? A banking system that doesn't bring down the global economy every few decades?Anat Admati thinks we can. She's a finance professor at Stanford, but she never paid much attention to banks until the financial crisis. (This is not unusual in the superspecialized world of academia.)After the crisis hit, Admati started reading up on banks. And, in a basic banking textbook, she came upon a single line that changed her career."I sat in my office and I thought, 'Something is really wrong in banking.' "On today's show, Admati tells us what she thinks is wrong in banking — and how she thinks we can fix it.