Former IMF chief economist Simon Johnson, who now teaches at MIT, brings a slightly different perspective to the U.S. banking crisis, that of someone who has studied and been involved with resolving financial crises in developing nations. From that perspective, a key step in permanently resolving the crisis involves wresting control of the banking system from the elites who were at the helm when the crisis occurred, a step, Johnson argues, that neither the U.S. nor any other western nation has yet been will
Added Feb 12, 2009 4:45pm