Should More Bankers Be in Prison?

Jesse Eisinger describes what's really going on inside Wells Fargo and other large institutions.

Four years after the financial meltdown, the worldwide banking system is still a mess. In 2012, JPMorgan lost as much as $9 billion in a botched trade, while Barclay's faced criminal charges for joining with other banks to manipulate the world's most influential benchmark interest rate.

For The Atlantic's January/February 2013 cover story, coauthors Jesse Eisinger and Frank Partnoy dove into the chaos — or, as The Atlantic's Derek Thompson puts it, they went "spelunking" through Wells Fargo's financial statements. Here, Eisinger explains why he and Partnoy focused on Wells Fargo and what they learned along the way about the deceptiveness of America's banks.


Jennie Rothenberg Gritz is a senior editor at The Atlantic, where she edits digital features.

How a Psychedelic Masterpiece Is Made

A short documentary about Bruce Riley, an artist who paints abstract wonders with poured resin

Join the Discussion

After you comment, click Post. If you’re not already logged in you will be asked to log in or register with Disqus.

Please note that The Atlantic's account system is separate from our commenting system. To log in or register with The Atlantic, use the Sign In button at the top of every page.

blog comments powered by Disqus

Video

How a Psychedelic Masterpiece Is Made

A short documentary about Bruce Riley, an artist who paints abstract wonders with poured resin

Videos

Why Is Google Making Skin?

Hidden away on Google’s campus, doctors are changing the way people think about health.

Video

How to Build a Tornado

A Canadian inventor believes his tornado machine could solve the world's energy crisis.

Video

A New York City Minute, Frozen in Time

This short film takes you on a whirling tour of the Big Apple

Video

What Happened to the Milky Way?

Light pollution has taken away our ability to see the stars. Can we save the night sky?

More in Video

Just In