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Simon Johnson

Banking in America: Swimming in the Deep End

Dennis Santiago | Posted 05.25.2011 | Business
Dennis Santiago

It occurred to me that, somewhere along the way, people might be curious about understanding bigger banks in some context other than political vilification.

James Kwak: The Problem is Bank-o-cracy (AUDIO)

Christopher Lydon | Posted 05.25.2011 | Politics
Christopher Lydon

James Kwak extends Michael Lewis's point and feeds my fascination with apocalyptic hysteria and helpless torpor as the twin markers of American politi...

Ryan McCarthy

'The Fourteenth Banker,' Anonymous Bank Insider, Describes His Moral Crisis: 'The System Is Built To Be Gamed'

HuffingtonPost.com | Ryan McCarthy | Posted 05.25.2011 | Business

"The system is built to be gamed." "The voices of dissent are not being heard." These are the words of an anonymous executive at one of Americ...

Does Size Matter? Simon Johnson vs. Paul Krugman on Whether to Break Up "Too Big to Fail" Banks

Miles Mogulescu | Posted 05.25.2011 | Business
Miles Mogulescu

Paul Krugman and Simon Johnson are two of my favorite economic commentators, but when it comes to the issue of breaking up mega-banks, they take dramatically opposing positions.

IMF Protesters Try to Disrupt Cambridge University Address by Strauss-Kahn

Steve Clemons | Posted 05.25.2011 | Politics
Steve Clemons

IMF Executive Director Dominique Strauss-Kahn is "cool under fire", as Central European University President John Shattuck said when introducing him, and didn't break his stride during his presentation at Kings College, University of Cambridge.

Book Club Pick: Why 13 Bankers Is a Must-Read for Barack Obama, Chris Dodd, and Everyone Who Wants to Avoid Another Financial Crisis

Arianna Huffington | Posted 05.25.2011 | Home
Arianna Huffington

13 Bankers is the rare book than can actually have an impact on the vital debate happening right now in Washington. READ MORE Why the Fight for Financial Reform Needs to Get Much More Personal When it comes to the fight over financial reform, Democrats are making the same mistake they did with health care: failing to put the effect reform would have on the lives of real Americans front and center. READ MORE Announcing HuffPost's Twitter Editions We are launching Twitter editions for each of our 19 sections -- a mash-up of breaking tweets and HuffPost stories that are attracting interest on Twitter. READ MORE WATCH: Arianna Discusses RNC's "Bondage-Gate" with Joy Behar WATCH: Arianna Spars with Rudy Giuliani Over Rubio, Kerik, and Waterboarding on Morning Joe

Weekly Audit: Congress to take up financial reform, but will it be strong enough?

The Media Consortium | Posted 05.25.2011 | Home
The Media Consortium

by Zach Carter, Media Consortium blogger Next week, the debate over financial reform will begin in earnest when Congress returns from its Easter break...

Eurozone Crisis Worsens Sharply

Baseline Scenario | Simon Johnson | Posted 05.25.2011 | Business

The big news is France. With sentiment worsening across Europe, France has lost its relative safe haven status - credit default swap spreads on Frenc...

Spain Financial Crisis: Maginot Lines And Illusions

New York Times | Peter Boone and Simon Johnson | Posted 05.25.2011 | Business

Many commentators suggest Spain is now the euro zone's Maginot Line. The argument is clear: Spain, with gross domestic product of more than $1.3 trill...

Jamie Dimon: The Most Dangerous Man In America

Simon Johnson | Posted 05.25.2011 | Business
Simon Johnson

There are two kinds of bankers to fear. The first is incompetent and runs a big bank. The second type of banker is much more dangerous. This person runs a big bank and -- here's the danger -- makes it even bigger.

Eugene Fama: 'Too Big To Fail' Perverts Activities And Incentives

The Baseline Scenario | Simon Johnson | Posted 05.25.2011 | Business

In our continuing financial debate, one of the central myths - put about by big banks and also not seriously disputed by the administration - is that ...

Shahien Nasiripour

Top Fed Official Wants To Break Up Megabanks, Stop The Fed From Guaranteeing Wall Street's Profits [EXCLUSIVE]

HuffingtonPost.com | Shahien Nasiripour | Posted 05.25.2011 | Business

Click on the next page and scroll down for audio of the interview The U.S. should bust up its megabanks and impose strict laws curbing the size and c...

Obama Should Channel Roosevelt To Battle Wall Street

Washington Post | Simon Johnson and James Kwak | Posted 05.25.2011 | Business

In the spring of 2009, Obama and his senior advisers did not seem terribly troubled by the dangerous concentration of power, wealth and hubris on Wall...

Simon Johnson Talks '13 Bankers,' Why Banks Should Be Small Enough To Fail (VIDEO)

Posted 05.25.2011 | Home

Simon Johnson, HuffPost blogger, MIT professor, and author of the new book, "13 Bankers," explained on the "Today Show" this morning why nothing reall...

Simon Johnson Explains 'Too Big To Fail' On The 'Colbert Report'

Posted 05.25.2011 | Home

Failure is good? Stephen Colbert pressed Simon Johnson incredulously on Tuesday night during the "Colbert Report." "Yes, that's the essence of a mar...

Paul Volcker: Do the Right Economic Thing

Simon Johnson | Posted 05.25.2011 | Business
Simon Johnson

Paul Volcker expresses himself in the measured language of a distinguished technocrat. But he is very worried about our current financial structure and where it is heading.

Simon Johnson: Bailed Out Banks Are Even Bigger, More Powerful Than They Were Before The Crisis (VIDEO)

Huff TV | Posted 05.25.2011 | Business
Huff TV

The nation's largest banks still pose a dire threat to the economy, according to MIT professor Simon Johnson, who appeared on MSNBC's "Morning Joe" on...

'13 Bankers': Great Read And Real Solutions To The Financial Crisis

Daily Kos | Posted 05.25.2011 | Home

When the banks failed, stock market tanked, and the TARP money rolled out in the last months of the Bush administration, books on the topic were right...

Paul Volcker Must Tell Obama To Strengthen Chris Dodd's Wall Street Reform Bill

Baseline Scenario | Posted 05.25.2011 | Business

Against all the odds, a glimmer of hope for real financial reform begins to shine through. It's not that anything definite has happened -- in fact mo...

Chris Dodd Gives Ground On Financial Reform Bill After Tough Criticism: Simon Johnson

Baseline Scenario | Simon Johnson | Posted 05.25.2011 | Business

Senator Chris Dodd has good political antennae. He knows that his financial reform bill will come under severe pressure because it has a weak heart -...

Senator Blanche Lincoln, The Last Hold Out Against 13 Bankers: Simon Johnson

baselinescenario.com | Simon Johnson | Posted 05.25.2011 | Business

By now you have probably realized -- correctly -- that "financial reform" has turned into a victory lap for Wall Street. When they saved the big bank...

Wall Street's Victory Lap

Simon Johnson | Posted 05.25.2011 | Business
Simon Johnson

By now you have probably realized -- correctly -- that "financial reform" has turned into a victory lap for Wall Street.

Senator: Which Part Of 'Too Big To Fail' Do You Not Understand?

Simon Johnson | Posted 05.25.2011 | Business
Simon Johnson

If a megabank shut-down under pressure was impossible for our policymakers last year, how exactly will the situation change after the Dodd bill passes?

Financial Reform: Will We Even Have A Debate?

The Baseline Scenario | Simon Johnson | Posted 05.25.2011 | Business

The New York Times reports that financial reform is the next top priority for Democrats. Barney Frank, fresh from meeting with the president, sends a...

Financial Reform: Will We Even Have a Debate?

Simon Johnson | Posted 05.25.2011 | Business
Simon Johnson

Once you understand that the resolution authority is an illusion, you begin to understand that the Dodd legislation would achieve nothing on the systemic risk and too big to fail front.