"To be able to bear provocation is an argument of great reason, and to forgive it of a great mind."

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The Bankers' New Clothes makes a simple, powerful argument: that banks need to raise more capital. It is entirely persuasive that the extent of their leverage makes the financial system fragile, and it clearly and patiently demolishes all the counter-arguments made by the banks and their lobbyists.

— Diane Coyle