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Simon Johnson

That "Iron Law" of Oligarchy Is Back to Haunt Us

Danny Schechter | Posted 06.24.2014 | Media
Danny Schechter

The word Oligarchy has finally come home. For years, it was a term only used in connection with those big, bad and sleazy mafioso-type businessmen in...

Congress Can No Longer Take Wall Street Money and Ignore the Damage It Does

David Paul | Posted 10.25.2013 | Business
David Paul

The power amassed by the finance industry over the past quarter century is not simply a function of the corrupting power of its political contributions, but rather its success in the creation of a belief system within the halls of power.

President Obama Should Nominate Larry Summers Just for the Spectacle of It All

David Paul | Posted 10.05.2013 | Politics
David Paul

In a world where D.C. politics have ground to a dysfunctional halt, where the Euro continues to struggle on the precipice of failure, and where the growth rate of China is grinding downward, the head of the Fed has become a figure of global importance.

147 People

Richard (RJ) Eskow | Posted 01.31.2014 | Politics
Richard (RJ) Eskow

147 people can change the course of history. Not necessarily the same 147 people, of course. But the small social groups which surround our world's leaders have extraordinary power.

BOTH SIDES NOW: Will a Grand New Party evolve on Guns and Immigration?

HuffPost Radio | Posted 12.17.2012 | Politics
HuffPost Radio

2011-11-29-20111107bothsidesnow.jpgSpitzer and Matalin debate whether the GOP can shift on Immigration to avoid political suicide and on guns to reduce homocides. That's up to the Norquist of Guns -- Wayne LaPierre -- to allow NRA-owned electeds to stop the slaughter.

Jamie Dimon in Sheep's Clothing, Again

Dennis M. Kelleher | Posted 12.26.2012 | Business
Dennis M. Kelleher

Unleashing a deregulated Wall Street again will only make the next crash and crisis inevitable. Unfortunately, it'll likely be much worse next time than it was this time, which cost or will cost more than $12.8 trillion.

Economics and Business: Tell Your Professors to Speak Up

John R. Talbott | Posted 10.14.2012 | Business
John R. Talbott

Economists, finance professors, options and derivatives experts and business school professors have dropped the ball completely when it comes to the financial crisis. Students need to tell their professors to speak out.

One More Time: The Break-Up-the-Banks Debate

Robert Teitelman | Posted 09.09.2012 | Business
Robert Teitelman

Do we want big banks to be essentially utilities, tightly regulated so that it's (almost) impossible for them to get into serious trouble, and small enough if they do that they can't cause harm? Do we want the entire financial system to become utility-like?

Simon Johnson: Banks' Living Wills Aren't Cure For Systemic Risk

Bloomberg View | Simon Johnson | Posted 07.09.2012 | Business

Bloomberg View On July 3, the Federal Deposit Insurance Corp. and the Federal Reserve made public portions of the “living wills” developed rece...

NY Fed Chair: It's No Big Deal That JPMorgan CEO Is On Our Board

The Huffington Post | Alexander Eichler | Posted 06.11.2012 | Business

At least 36,000 people say JPMorgan Chase CEO Jamie Dimon should step down from the board of directors at the Federal Reserve Bank of New York. Lee...

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

Richard (RJ) Eskow | Posted 07.24.2012 | Business
Richard (RJ) Eskow

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?

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

Bill Moyers | Posted 07.16.2012 | Business
Bill Moyers

"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."

Pander-Fest Rolls On As Republicans Vow No Tax Increases

Peter S. Goodman | Posted 07.16.2012 | Business
Peter S. Goodman

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.

Banks and Congress Grapple With Stubborn, Stupid Facts

Michael Winship | Posted 05.07.2012 | Politics
Michael Winship

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.

Where Is Jamie Dimon When You Need Him?

Dennis M. Kelleher | Posted 04.17.2012 | Business
Dennis M. Kelleher

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.

Loren Berlin

Does Mortgage Settlement Go Far Enough To Jolt Housing Market?

HuffingtonPost.com | Loren Berlin | Posted 01.24.2012 | Business

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...

For a Sane Economy in 2012, How About a Little Shame?

Richard (RJ) Eskow | Posted 03.03.2012 | Politics
Richard (RJ) Eskow

The other day I was asked what one single thing could do the most to save our economy. What one idea or tool might help us create a more just society? My answer was "shame."

European Debt: The Big Picture

Simon Johnson | Posted 12.23.2011 | Business
Simon Johnson

For everyone struggling to get their arms around the debt crisis in Europe, Bill Marsh in today's New York Times offers literally a compelling picture, with graphic illustration for the key issues.

The Krugman/Stiglitz Army Is on the March (and It's Too Late for Michael Bloomberg to Stop It)

Miles Mogulescu | Posted 12.14.2011 | Politics
Miles Mogulescu

Whether or not the the #Occupy Wall Street protesters explicitly adopt policy proposals or only generate political energy for the spirit of them, the Krugman/Stiglitz Army is at last on the march.

Johnson: Why The U.S. Needs To Pursue A Large Settlement In Robo-Signing Cases

Bloomberg | Simon Johnson | Posted 11.26.2011 | Business

Discussions around this weekend’s International Monetary Fund annual meetings in Washington made it clear that the standard macroeconomic toolkit ha...

Now Obama Must Lead Democrats and the Nation

Brent Budowsky | Posted 10.18.2011 | Politics
Brent Budowsky

Yes, President Obama inherited a mess. But it is unacceptable that in the third year of his presidency he still blames his predecessor and does bus tours to promote jobs programs that do not exist.

We Have A Growth Crisis: Simon Johnson

Bloomberg News | Simon Johnson | Posted 10.15.2011 | Business

The U.S.’s fiscal problem is not that the market questions the country’s ability to pay its debts. The willingness to pay was clearly proved by th...

Simon Johnson: Balanced Budget Amendment 'Makes No Sense'

The New York Times | Simon Johnson | Posted 10.02.2011 | Business

Some House and Senate Republicans have pushed hard to include a “balanced budget” constitutional amendment as part of any agreement on a debt ceil...

Simon Johnson: Low Bank Capital Is Next U.S. Fiscal Crisis

Bloomberg | Simon Johnson | Posted 10.01.2011 | Business

The summer debate that has dominated Washington seems straightforward. Under what conditions should the U.S. government be allowed to borrow more mone...

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...