Crisis Diary as it unfolds ….

Simon Johnson, IMF economist, on banking crisis

“There comes a time in every economic crisis or, more specifically, in every struggle to recover from crisis, when steps up to the podium to promise the policies that – they say – will deliver you back to growth. The person has political support, a strong track record, and every incentive to enter the history books. But one nagging question remains. Can this person, your new economic strategist, really break with the vested elites that got you into this much trouble?
Simon Johnson, professor economics at MIT, former chief economist IMF

Here is the clip of Simon Johnson discussing banking crisis with Bill Moyers.

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February 15, 2009 Posted by | Economy, News | , , , | 1 Comment