Simon Johnson

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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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Bill Moyers Journal: Simon Johnson and Marcy Kaptur + Health industry lobby + Charlie Houston

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Dandelion Salad

Bill Moyers Journal
PBS
October 9, 2009

Simon Johnson and US Rep. Marcy Kaptur

Just over a year after economic calamity brought promises of reform from Washington, has Wall Street really changed? Former International Monetary Fund chief economist Simon Johnson and US Rep. Marcy Kaptur D-OH report on the state of the economy.

transcript Bill Moyers Journal . Watch & Listen | PBS.

PBS
October 15, 2009

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more about “BILL MOYERS JOURNAL | Rep. Marcy Kapt…“, posted with vodpod

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Health industry lobby
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Is America the new Russia? By Martin Wolf

Dandelion Salad

By Martin Wolf
ICH
April 15, 2009 “FT”

Is the US Russia? The question seems provocative, if not outrageous. Yet the person asking it is Simon Johnson, former chief economist at the International Monetary Fund and a professor at the Sloan School of Management at the Massachusetts Institute of Technology. In an article in the May issue of the Atlantic Monthly, Prof Johnson compares the hold of the “financial oligarchy” over US policy with that of business elites in emerging countries. Do such comparisons make sense? The answer is Yes, but only up to a point.

“In its depth and suddenness,” argues Prof Johnson, “the US economic and financial crisis is shockingly reminiscent of moments we have recently seen in emerging markets.” The similarity is evident: large inflows of foreign capital; torrid credit growth; excessive leverage; bubbles in asset prices, particularly property; and, finally, asset-price collapses and financial catastrophe.

[…]

via Is America the new Russia?

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The Year of Cockeyed Optimism By Mike Whitney

The Economy Sucks and or Collapse 2