Summary:
The book advocates for the improvement of the banking industry by proposing that bankers make contractual commitments to prioritize the long-term success of their institutions and customers over personal gain. It examines the ethical and legal failures in banking that led to financial crises and suggests reforms to banking contracts and culture to foster responsibility and trust.
Key points:
1. Banker Ethics and Culture: Hill and Painter stress that ethical banking is key for a stable economy. They recommend a bank culture that rewards ethical choices and understands the long-term impact of decisions to avoid crises like in 2007-2008.
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