Simon Johnson
Simon Johnson's Latest Articles | 101
The Case for a Supertax on Big Bank Bonuses
The big banks are pre-testing their main messages for bonus season, which starts in earnest next week. Their payouts relative to profits will be “record lows”,... Read »
The Countdown to Goldman’s Bonus Day
Sources say that Goldman Sachs’ bonuses will be announced on Monday, January 18, and actually paid sometime between February 4 and February 7. In previous years,... Read »
Bernanke’s Reply: On the Doom Loop
Senator David Vitter submitted one of my questions to Federal Reserve Chairman Ben Bernanke, as part of his reconfirmation hearings, and received the following reply... Read »
Are the People Running “Large Integrated Financial Groups“ Hapless Fools?
The fundamental divide in opinion regarding our financial system is: Are the people running “large integrated financial groups“ hapless fools, buffeted by forces... Read »
Don’t Worry About Greece
The latest round of fretting in global debt markets is focused on Greece (WSJ; Greece). This is misplaced. To be sure, there will be a great deal of shouting before... Read »
Volcker: “Wake Up, Gentlemen”
The guiding myth underpinning the reconstruction of our dangerous banking system is: Financial innovation as-we-know-it is valuable and must be preserved. Anyone... Read »
Feudal Lords Of Finance
In some influential circles, these questions are now asked: What’s wrong with high levels of inequality in general, and with having very rich bankers in particular. ... Read »
Does Dubai Matter? Ask Ireland
Presumably the rulers of Dubai and Abu Dhabi are currently locked in negotiations regarding the exact terms that will be attached to a “bailout” for Dubai World. ... Read »
Morgan Stanley Speaks: Against Relying On Capital Requirements
Just when momentum was starting to build for increased capital requirements as the core element of an approach that will reign in reckless risk-taking, Morgan Stanley... Read »
Two Broad Views on Our Newly Resurgent Global Bubbles
There are two broad views on our newly resurgent global bubbles – the increase in asset prices in emerging markets, fuelled by capital inflows, with all the associated... Read »







