How banks abandoned the public good, and chose profit over stability. by This Is Hell!

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.

Mehrsa is author of How the Other Half Banks: Exclusion, Exploitation, and the Threat to Democracy from Harvard University Press.

http://www.hup.harvard.edu/catalog.php?isbn=9780674286061