(Free) What They Do With Your Money: How the Financial System Fails Us and How to Fix It






#924157 in eBooks 2016-05-24 2016-05-01File Name: B01EUYN6C0

0 of 0 people found the following review helpful. A thoughtful collection of to-do listsBy Paul F. RossReview of "What they do with your money" by Paul F. Ross The authors do an interesting and understandable system analysis of the worldrsquo;s financial systems. They see savers as owners of the activities in which their monies are invested. They see banks, investment managers, and insurance companies as the institutional structure for the financial system. They see investors as the managersldquo;This excellent and well written book exposes the multiple leakages to various agents operating between savers and pensioners and the companies they are invested in as well as the problems of collective industry failure. It does not just make clear the problems and the often perverse incentivEach year we pay billions in fees to those who run our financial system. The money comes from our bank accounts, our pensions, our borrowing, and often we arenrsquo;t told that the money has been taken. These billions may be justified if the finance industry does a good job, but as this book shows, it too often fails us. Financial institutions regularly place their business interests first, charging for advice that does nothing to improve performance, employing short-term buying strategies that...


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