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Simon Johnson

Simon Johnson: Tax Reform Could Help Secure Financial System

The New York Times | Simon Johnson | Posted 09.21.2011 | Business

In the deafening cacophony of voices in Washington on the debt ceiling, it is easy to miss a potentially more significant development. There is growin...

Simon Johnson: Are Bank Examiners To Blame For Slow Job Growth?

New York Times | Simon Johnson | Posted 09.13.2011 | Business

With unemployment back up to 9.2 percent, as reported last week, the hunt is on for an explanation of why job creation has been so slow since the fina...

Simon Johnson: Tax Reform The Answer To U.S. Debt Crisis

New York Times | Simon Johnson | Posted 09.06.2011 | Business

Three views emerge on whether the United States will default on its government debts, as I talk to people on and close to Capitol Hill. The first is, ...

Simon Johnson: Fiscal Contraction Hurts Economic Expansion

The New York Times | SIMON JOHNSON | Posted 08.23.2011 | Business

The United States has a large budget deficit and a ratio of debt to gross domestic product that, in most projections, continues to rise over time. Som...

Simon Johnson: The Big Banks Fight On

The New York Times | SIMON JOHNSON | Posted 08.15.2011 | Business

The bank lobbyists have a problem. Last week, they lost a major battle on Capitol Hill, when Congress was not persuaded to suspend implementation of t...

Simon Johnson: What Europe Needs

Bloomberg | Simon Johnson | Posted 08.06.2011 | Business

Jean-Claude Trichet, president of the European Central Bank until October, last week floated two proposals aimed at dealing with Greece and related eu...

Simon Johnson: Why Lagarde Is Wrong For The IMF

New York Times | Simon Johnson | Posted 07.26.2011 | Business

Christine Lagarde, France's finance minister and the presumptive nominee of the European Union for the recently vacated position of managing director ...

Simon Johnson: When Regulators Side With The Regulated

The New York Times | Simon Johnson | Posted 07.19.2011 | Business

The Office of the Comptroller of the Currency is one the most important bank regulators in the United States — an independent agency within the Trea...

Simon Johnson: Fear Companies Lurking In Dark Financial Shadows

Bloomberg | Simon Johnson | Posted 07.16.2011 | Business

On the face of it, Glencore International AG doesn't look too scary. With about $80 billion in assets, the Swiss-based commodities trader is a lightwe...

Nominate Elizabeth Warren -- Provide the Pecora Hearings We Need

Simon Johnson | Posted 07.04.2011 | Business
Simon Johnson

A proper Senate confirmation hearing for Elizabeth Warren would allow her to explain in clear terms how "too big to fail" banks are are now involved in a hugely dangerous government subsidy scheme that presents a serious, nontransparent threat to consumers.

Simon Johnson: Could Goldman Sachs Fail?

baselinescenario.com | Posted 06.14.2011 | Business

If Goldman Sachs were to hit a hypothetical financial rock, would they be allowed to fail -- to go bankrupt as did Lehman -- or would they and their c...

Simon Johnson: Big Banks Have a Powerful New Opponent

nytimes.com | SIMON JOHNSON | Posted 06.07.2011 | Business

As a lobbying group, the largest American banks have been dominant throughout the latest boom-bust-bailout cycle -- capturing the hearts and minds of ...

Megabank Myths

The New York Times | SIMON JOHNSON | Posted 05.31.2011 | Business

Back when it really mattered -- last spring, during the debate over the Dodd-Frank financial regulation -- Senator Ted Kaufman, Democrat of Delaware, ...

Fed's Dividends Decision Helps Shareholders, Might Hurt Taxpayers

The New York Times | Simon Johnson | Posted 05.25.2011 | Business

Four groups of people were directly affected by the Federal Reserve's decision late last week to allow major banks to increase their dividends and to ...

Rescue Choppers or Corporate Jets?

Dylan Ratigan | Posted 05.25.2011 | Politics
Dylan Ratigan

In all the footage of people being saved, I haven't seen one mega-bank rescue anyone. I saw help from a lot of volunteers, firemen, rescue workers, doctors, nurses, etc. But not one bank.

Simon Johnson:The 'Too Big To Fail' Battle Heats Up In Europe

nytimes.com | SIMON JOHNSON | Posted 05.25.2011 | Business

Just when it seemed that the debate over banking was winding down -- with overwhelming victories on almost all dimensions for the people who run the w...

Tim Geithner's Gamble

Project Syndicate | Simon Johnson | Posted 05.25.2011 | Business

LOS ANGELES -- In a recent interview, United States Treasury Secretary Tim Geithner laid out his view of the nature of world economic growth and the r...

Derivatives Industry Report Collapses

Simon Johnson | Posted 05.25.2011 | Business
Simon Johnson

The financial industry is making completely baseless claims about derivatives and must resort to hollow chicanery in a deliberate attempt to mislead the public and to fool people on Capitol Hill.

Simons Johnson: Wall Street Knows Meltdown Was Just Bad Dream

Bloomberg | Simon Johnson | Posted 05.25.2011 | Business

Robert Benmosche, chief executive officer of America International Group Inc., made several comments last week that were so stunningly ignorant that i...

Simon Johnson: Citigroup Bailout Shows 'Too-Big-to-Fail Endures'

Bloomberg | Simon Johnson | Posted 05.25.2011 | Business

Democrats like to say that the Dodd- Frank financial overhaul legislation ended the problem of too big to fail because large failing financial institu...

What Goldman Sachs Failed To Acknowledge

New York Times | Simon Johnson | Posted 05.25.2011 | Business

To great fanfare, this week Goldman Sachs introduced the report of its business standards committee, which makes recommendations regarding changes for...

Obama, Daley, and Progressive Strategy Now

Mike Lux | Posted 05.25.2011 | Politics
Mike Lux

Progressives cannot afford to take the attitude that with Bill Daley as White House Chief of Staff, all is lost and we should just give up on trying to influence policy and politics in regards to economics and other issue areas.

Economist: 'The Age Of American Predominance Is Over'

Posted 05.25.2011 | Business

DENVER (By Mark Felsenthal): To hear a number of prominent economists tell it, it doesn't look good for the U.S. economy, not this year, not in 10 yea...

ReThink Interview: Charles Ferguson, Director of Inside Job

Jonathan Kim | Posted 05.25.2011 | Entertainment
Jonathan Kim

People interviewed in Inside Job claim that finance professionals deserve their money. But can someone rationally argue that someone earning $30 million/year works 1,000 times harder than someone earning $30,000/year?

The Economics and Politics of Elizabeth Warren

Simon Johnson | Posted 05.25.2011 | Business
Simon Johnson

Congressional Republicans are apparently intent on a big showdown with Elizabeth Warren over the new Consumer Financial Protection Bureau (CFPB). This is very good news for the White House, if they use this opportunity wisely.