ThoughtCast: Simon Johnson's "Thirteen Bankers"

Simon Johnson, the Professor of Entrepreneurship at MIT's Sloan School of Management, and former chief economist at the International Monetary Fund, is an outspoken critic of the US government response to the financial crisis. Now he takes on the "too big to fail" banks which continue to threaten our economy. In his latest book, called "13 Bankers: The Wall Street Takeover and the Next Financial Meltdown", which he co-wrote with James Kwak, Simon argues that if the biggest banks arent cut down to size, its only a matter of time before we face another financial crisis. And once again, the government aka the taxpayers will be obliged to step in and bail out these behemoths In Simon's words, if they're too big to fail -- they're too big to exist!
Simon Johnson is also a senior fellow at the Peterson Institute for International Economics. And he's the co-author, again with James Kwak, of the influential economics blog "The Baseline Scenario".
Simon Johnson spoke with ThoughtCast at the Harvard Book Store in Cambridge, Massachusetts.

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