The Socialist Program with Brian Becker cover image

Cutthroat Bankers' New Scheme: Why Banks Are Suddenly Closing Accounts

The Socialist Program with Brian Becker

CHAPTER

The Complexity of Financial Language

This chapter examines the use of complex language in financial news and how it alienates regular individuals from understanding important concepts in the banking industry. It also explores the practice of synthetic risk transfers and the selling of complex debt instruments to reduce regulatory charges, as well as the need for banks to have more capital reserves.

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