Simon Johnson

How to Fix the Fed: Dismiss Dimon, Boot the Bankers, and Can the Corporations

Richard (RJ) Eskow | Posted 05.25.2012

Read More: JPMorgan Chase, Federal Reserve, Elizabeth Warren, Bernie Sanders, Jamie Dimon, Simon Johnson, Business News

The question isn't whether we need a central bank: We do. The question is, Why is it dominated by the people who have already ruined the economy once -- and who have a clear conflict of interest?

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Is JPMorgan's Loss a Canary in a Coal Mine?

Bill Moyers | Posted 05.18.2012

Read More: JPMorgan Chase, Jamie Dimon, Simon Johnson, Federal Reserve, Too Big to Fail, Business News

"The fact that JPMorgan Chase lost so much money in a relatively benign moment compared to what we've seen in the past and what we're likely to see in the future suggests that we are absolutely on the path towards another financial crisis of the same order of magnitude as the last one."

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Pander-Fest Rolls On As Republicans Vow No Tax Increases

Peter S. Goodman | Posted 05.16.2012

Read More: Taxes, Fiscal Affairs, Debt Ceiling, John Boehner, Mitt Romney, Simon Johnson, Business News

Just in case you had been suffering delusions that Republicans have improved on basic arithmetic or responsible governance, House Speaker John Boehner and presidential aspirant Mitt Romney on Tuesday made sure to disabuse you of that notion. As both men pandered to the base on deficit reduction while foreswearing tax increases, they reinforced the central Republican narrative of our age: Somebody else can pay for the mess we made.

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Banks and Congress Grapple With Stubborn, Stupid Facts

Michael Winship | Posted 05.07.2012

Read More: Dodd-Frank Act, Dodd-Frank, Finance, Banks and Banking, Economy, The Baseline Scenario, Stress Testing, Federal Reserve, Banks, Business, Simon Johnson, The Fed, Global Economy, Economic Crisis, Financial Crisis, Global Financial Crisis, World Economy, Politics News

Witness the resistance to facts on the part of banking institutions and certain members of the congressional leadership, despite regulations demanding that they allow facts and figures to be reported, information that could keep us from the edge of yet another economic meltdown.

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Where Is Jamie Dimon When You Need Him?

Dennis M. Kelleher | Posted 04.17.2012

Read More: Dodd-Frank Act, Wall Street Bailout, Dodd-Frank, United Kingdom, Financial Reform, Wall Street Reform, Jamie Dimon, Taxpayers, Paul Volcker, Volcker Rule, Rulemaking, Canada, Goldman Sachs, Proprietary Trading, Greece, Bailout, Treasury, Financial Crisis, Banker Bonuses, Simon Johnson, Wall Street Bonuses, Financial Regulation, Derivatives, Loopholes, JP Morgan, Wall Street Crisis, Wall Street, Greece Debt Crisis, Japan, Anti-American, Better Markets, 2008-Crisis, Banking, Banks, Business News

Now, when there are some very real and very serious anti-American actions being asked for, Dimon is strangely silent. Could it be because the current anti-American requests coincide with his claims against financial reform? Of course it is.

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Does Mortgage Settlement Go Far Enough To Jolt Housing Market?

HuffingtonPost.com | Loren Berlin | Posted 01.24.2012

Read More: Foreclosure Crisis, State of the Union 2012, Mortgage Settlement, Economy, Obama State of the Union Address, Robosigning, Mortgage Crisis, Obama State of the Union, Foreclosure, Simon Johnson, State of the Union, Housing Crisis, Underwater Mortgages, Business News

In Tuesday night's State of the Union address, President Barack Obama is expected to tout a settlement between states' attorneys general and five of t...