The Big Six banks are shorting the American Dream By Jerry Mazza

By Jerry Mazza
Featured Writer
Dandelion Salad
crossposted at Online Journal
www.jerrymazza.com
April 26, 2010

The Big Six investment banks, Goldman Sachs, Morgan Stanley, JP Morgan Chase, Citigroup, Bank of America and Wells Fargo, are “shorting the American Dream,” according to economist Simon Johnson and entrepreneur James Kwak in an interview on April 16, “Financial Regulation and Regulatory Capture” on Bill Moyers Journal. Here’s a summary of the big and important ideas and issues on the table.

First, Simon Johnson is a former chief economist at the International Monetary Fund, now teaching at MIT’s Sloan School of Management. James Kwak is a former management consultant at McKinsley & company, co-founder of the successful software company, Guidewire, and presently studying law at Yale Law School. Together Johnson and Kwak run the economic website BaselineScenario.com. To boot, they have written a new best seller, 13 Bankers: The Wall Street Takeover and the Next Financial Meltdown.

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Bill Moyers Journal: Simon Johnson and James Kwak + The Costs of War

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Bill Moyers Journal
April 16, 2010

Simon Johnson and James Kwak

How did Big Finance grow so powerful that its hijinks nearly brought down the global economy – and what hope is there for real reform with Washington politicians on Wall Street’s payroll? Bill Moyers talks with authors Simon Johnson and James Kwak, two of the nation’s most respected economic experts and authors of the new book 13 BANKERS: THE WALL STREET TAKEOVER AND THE NEXT FINANCIAL MELTDOWN.

transcript  Bill Moyers Journal . Watch & Listen | PBS

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