Too Big To Fail
Simon Johnson talks about the biggest problem in US today
BY Caroline Cakebread | February 4, 2010
US President Barack Obama has fighting words for US bankers – “It’s going to be a fight, you watch” he said, referring to proposals for reforming financial regulation in the US. While his proposed new rules are garnering mixed reactions, former IMF chief economist Simon Johnson recently called banks that are too big to fail “the most serious problem” faced in the U.S. His full blog post can be found on The Baseline Scenario. Johnson provides a link to his slides from a panel discussion on Global Financial Crises from the American Economic Association.