One of the most respected economists now speaking out about tougher action against the big banks and other financial 'oligarchs' is Simon Johnson. No, he's not a socialist. He's professor at MIT's Sloan School of Management and former chief economist for the International Monetary Fund. He had an interview yesterday on Fresh Air with Terri Gross that gave a lot of insight into our current financial crisis. He is calling for shrinking any bank that is 'too big too fail.'
It can be heard here.
Also, his major article in the May issue of the Atlantic Monthly on this same issue can be read here.
I really don't get where you are coming from on this blog...times are rough...here's the proof...we need to be counter cultural...but nothing practical here....blah blah blah
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