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.

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

The Horrors of Rat Hole Mining

"The river was our source of water. Now, the people won't touch it."

Video

What's Your Favorite Slang Word?

From "swag" to "on fleek," tweens choose.

Video

Cryotherapy's Dubious Appeal

James Hamblin tries a questionable medical treatment.

Video

Confessions of Moms Around the World

In Europe, mothers get maternity leave, discounted daycare, and flexible working hours.

Video

How Do Trees Know When It's Spring?

The science behind beautiful seasonal blooming

More in Video

Just In