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The Bankers' New Clothes

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Are banks getting better or worse these days? While ATMs and online banking mean that you can do transactions and watch your account 24 hours a day, most people have never met their bank manager and the cozy feeling of having a local bank has been lost. This week, Doug speaks to Anat Admati, author of The Bankers’ New Clothes and a professor of economics and Stanford University, who explains the ins and outs of the banking system today.

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