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<title><![CDATA[Simon Johnson - Articles - RealClearPolitics]]></title><link>http://www.RealClearPolicy.com/authors/rss/archive/17882.xml</link><description><![CDATA[Simon Johnson]]></description><category domain="17882">Author</category><item>
							<title><![CDATA[How To Create More Good Jobs]]></title>
							<link>https://www.gulf-times.com/article/687849/opinion/how-to-create-more-good-jobs</link>
							<guid><![CDATA[https://www.gulf-times.com/article/687849/opinion/how-to-create-more-good-jobs]]></guid>							
							<pubDate>Sun, 04 Aug 2024 00:00:00 -0500</pubDate>
							<author>Simon Johnson</author>
							<description><![CDATA[In many countries, innovation and good jobs have become increasingly concentrated in a few places. Some big cities have done well, but many regions feel left behind. In the US, the...]]></description>
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							<title><![CDATA[Fed Raises Interest Rates. Is There No Banking Crisis?]]></title>
							<link>https://news.yahoo.com/opinion-fed-just-raised-interest-172757567.html?fr=sycsrp_catchall</link>
							<guid><![CDATA[https://news.yahoo.com/opinion-fed-just-raised-interest-172757567.html?fr=sycsrp_catchall]]></guid>							
							<pubDate>Fri, 24 Mar 2023 00:00:00 -0500</pubDate>
							<author>Simon Johnson</author>
							<description><![CDATA[Do we have a banking crisis in the United States or don'&#'.ord('Ã').';''&#'.ord('¢').';''&#'.ord('Â').';''&#'.ord('€').';''&#'.ord('Â').';''&#'.ord('™').';'t we? We certainly have some of the symptoms, including two prominent banks that just failed and downward pressure this week on the share prices of other midsize banks.]]></description>
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							<title><![CDATA[OPEC's Move To Raise Oil Prices Is All About Russia]]></title>
							<link>https://news.yahoo.com/op-ed-opecs-move-raise-205931444.html?fr=sycsrp_catchall</link>
							<guid><![CDATA[https://news.yahoo.com/op-ed-opecs-move-raise-205931444.html?fr=sycsrp_catchall]]></guid>							
							<pubDate>Fri, 07 Oct 2022 00:00:00 -0500</pubDate>
							<author>Simon Johnson</author>
							<description><![CDATA[On Wednesday, OPEC+ announced'&#'.ord('Ã').';''&#'.ord('‚').';' a dramatic reduction'&#'.ord('Ã').';''&#'.ord('‚').';' in production quotas, by 2 million barrels per day. According to oil ministers, the goal is to boost crude prices and '&#'.ord('Ã').';''&#'.ord('¢').';''&#'.ord('Â').';''&#'.ord('€').';''&#'.ord('Â').';''&#'.ord('œ').';'encourage investment'&#'.ord('Ã').';''&#'.ord('¢').';''&#'.ord('Â').';''&#'.ord('€').';''&#'.ord('Â').';''&#'.ord('�').';' in the sector '&#'.ord('Ã').';''&#'.ord('¢').';''&#'.ord('Â').';''&#'.ord('€').';''&#'.ord('Â').';''&#'.ord('”').';' making it sound like they are doing the world a favor. In...]]></description>
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							<title><![CDATA[To Counter China, Out-Invent It]]></title>
							<link>https://www.foreignaffairs.com/articles/china/2019-09-12/counter-china-out-invent-it</link>
							<guid><![CDATA[https://www.foreignaffairs.com/articles/china/2019-09-12/counter-china-out-invent-it]]></guid>							
							<pubDate>Thu, 19 Sep 2019 00:00:00 -0500</pubDate>
							<author>Simon Johnson</author>
							<description><![CDATA[Trump's trade war ignores the real threat from Beijing.]]></description>
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							<title><![CDATA[Trump Undermines Himself on Trade]]></title>
							<link>https://www.project-syndicate.org/commentary/trump-counterproductive-trade-policies-by-simon-johnson-2018-06?a_la=english&amp;a_d=5b3629db78b6c7088c8ab77f&amp;a_m=&amp;a_a=click&amp;a_s=&amp;a_p=homepage&amp;a_li=trump-counterproductive-trade-policies-by-simon-johnson-2018-</link>
							<guid><![CDATA[https://www.project-syndicate.org/commentary/trump-counterproductive-trade-policies-by-simon-johnson-2018-06?a_la=english&amp;a_d=5b3629db78b6c7088c8ab77f&amp;a_m=&amp;a_a=click&amp;a_s=&amp;a_p=homepage&amp;a_li=trump-counterproductive-trade-policies-by-simon-johnson-2018-]]></guid>							
							<pubDate>Sun, 01 Jul 2018 00:00:00 -0500</pubDate>
							<author>Simon Johnson</author>
							<description><![CDATA[America's president seems utterly convinced that a trade war would be good for the US (and presumably for him politically). But his behavior on trade may quickly also become counterproductive, for three reasons.]]></description>
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							<title><![CDATA[Trump's 3% Growth Charade]]></title>
							<link>https://www.project-syndicate.org/commentary/trump-administration-growth-assumption-by-simon-johnson-2017-07</link>
							<guid><![CDATA[https://www.project-syndicate.org/commentary/trump-administration-growth-assumption-by-simon-johnson-2017-07]]></guid>							
							<pubDate>Thu, 03 Aug 2017 00:00:00 -0500</pubDate>
							<author>Simon Johnson</author>
							<description><![CDATA[Officials in President Donald Trump's administration frequently talk about getting annual US economic growth back above 3%, and their proposed budget assumes that they will succeed. But the assumption is deeply misleading '&#'.ord('Ã').';''&#'.ord('ƒ').';''&#'.ord('Â').';''&#'.ord('¢').';'?? and potentially dangerous.]]></description>
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							<title><![CDATA[Yellen Should Head Fed, Hoenig Her #2]]></title>
							<link>http://economix.blogs.nytimes.com/2013/09/19/yellens-credentials-to-lead-the-fed/</link>
							<guid><![CDATA[http://economix.blogs.nytimes.com/2013/09/19/yellens-credentials-to-lead-the-fed/]]></guid>							
							<pubDate>Fri, 20 Sep 2013 00:00:00 -0500</pubDate>
							<author>Simon Johnson</author>
							<description><![CDATA[In the immediate aftermath of Lawrence Summers'&#'.ord('Ã').';''&#'.ord('¢').';''&#'.ord('Â').';''&#'.ord('€').';''&#'.ord('Â').';''&#'.ord('™').';'s withdrawal from consideration as the next chief of the Federal Reserve, there was a great deal of chatter in Washington along the lines of '&#'.ord('Ã').';''&#'.ord('¢').';''&#'.ord('Â').';''&#'.ord('€').';''&#'.ord('Â').';''&#'.ord('œ').';'anyone but Yellen'&#'.ord('Ã').';''&#'.ord('¢').';''&#'.ord('Â').';''&#'.ord('€').';''&#'.ord('Â').';''&#'.ord('�').';'; Janet Yellen is the current vice chairwoman. Some influential...]]></description>
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							<title><![CDATA[Debt-Ceiling Histrionics Could Do Real Harm]]></title>
							<link>http://www.bloomberg.com/news/2013-06-09/next-debt-ceiling-histrionics-could-do-real-harm.html</link>
							<guid><![CDATA[http://www.bloomberg.com/news/2013-06-09/next-debt-ceiling-histrionics-could-do-real-harm.html]]></guid>							
							<pubDate>Mon, 10 Jun 2013 00:00:00 -0500</pubDate>
							<author>Simon Johnson</author>
							<description><![CDATA[At this stage in the U.S. recovery, there isn'&#'.ord('Ã').';''&#'.ord('¢').';''&#'.ord('Â').';''&#'.ord('€').';''&#'.ord('Â').';''&#'.ord('™').';'t much that fiscal policy can do to accelerate growth. Some argue that we need another tax cut, while others would prefer increased spending.Neither is going to happen on a significant scale. Radical austerity is unlikely and tax reform...]]></description>
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							<title><![CDATA[Goldman Fires Dud in Defense of Megabanks]]></title>
							<link>http://www.bloomberg.com/news/2013-04-14/goldman-s-big-guns-fire-dud-in-defense-of-megabanks.html</link>
							<guid><![CDATA[http://www.bloomberg.com/news/2013-04-14/goldman-s-big-guns-fire-dud-in-defense-of-megabanks.html]]></guid>							
							<pubDate>Mon, 15 Apr 2013 00:00:00 -0500</pubDate>
							<author>Simon Johnson</author>
							<description><![CDATA[The six very large U.S. bank holding companies -- JPMorgan Chase &amp; Co. (JPM), Bank of America Corp. (BAC), Citigroup (C) Inc., Wells Fargo &amp; Co. (WFC), Goldman Sachs (GS) Group Inc. and Morgan Stanley (MS) -- share a pressing intellectual problem: They need to explain why they should be...]]></description>
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							<title><![CDATA[The London Whale, Richard Fisher and Cyprus]]></title>
							<link>http://economix.blogs.nytimes.com/2013/03/21/the-london-whale-richard-fisher-and-cyprus/</link>
							<guid><![CDATA[http://economix.blogs.nytimes.com/2013/03/21/the-london-whale-richard-fisher-and-cyprus/]]></guid>							
							<pubDate>Fri, 22 Mar 2013 00:00:00 -0500</pubDate>
							<author>Simon Johnson</author>
							<description><![CDATA[In the ordinary course of political events, months or even years pass between a definitive investigation and sensible policy remedies being proposed. There was a lag, for example, between the Pecora hearings in the 1933 and some of the modern securities legislation that followed....]]></description>
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							<title><![CDATA[Bernanke Is in Denial on Too Big to Fail]]></title>
							<link>http://economix.blogs.nytimes.com/2013/02/28/bernankes-credibility-on-too-big-to-fail/</link>
							<guid><![CDATA[http://economix.blogs.nytimes.com/2013/02/28/bernankes-credibility-on-too-big-to-fail/]]></guid>							
							<pubDate>Fri, 01 Mar 2013 00:00:00 -0600</pubDate>
							<author>Simon Johnson</author>
							<description><![CDATA[In testimony to the Senate Banking Committee this week, Ben Bernanke made a clear statement acknowledging that very large American banks receive implicit subsidies because the market believes they are too big to fail. This was one of the most forthright public statements on this topic by...]]></description>
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							<title><![CDATA[The Growing Case to Break Up Big Banks]]></title>
							<link>http://economix.blogs.nytimes.com/2013/02/14/the-convergence-of-george-will-and-sherrod-brown/</link>
							<guid><![CDATA[http://economix.blogs.nytimes.com/2013/02/14/the-convergence-of-george-will-and-sherrod-brown/]]></guid>							
							<pubDate>Fri, 15 Feb 2013 00:00:00 -0600</pubDate>
							<author>Simon Johnson</author>
							<description><![CDATA[In his latest column, George Will, the dean of conservative commentators, endorsed proposals from Senator Sherrod Brown, Democrat of Ohio and a leading voice for breaking up the country'&#'.ord('Ã').';''&#'.ord('¢').';''&#'.ord('Â').';''&#'.ord('€').';''&#'.ord('Â').';''&#'.ord('™').';'s largest banks. Mr. Will wrote, as always, eloquently and in no uncertain terms '&#'.ord('Ã').';''&#'.ord('¢').';''&#'.ord('Â').';''&#'.ord('€').';''&#'.ord('Â').';''&#'.ord('“').';' although...]]></description>
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							<title><![CDATA[A Hollow Case for Too Big to Fail Banks]]></title>
							<link>http://economix.blogs.nytimes.com/2013/02/07/a-hollow-case-for-big-banks/?ref=business</link>
							<guid><![CDATA[http://economix.blogs.nytimes.com/2013/02/07/a-hollow-case-for-big-banks/?ref=business]]></guid>							
							<pubDate>Mon, 11 Feb 2013 00:00:00 -0600</pubDate>
							<author>Simon Johnson</author>
							<description><![CDATA[An interesting debate is developing within the Republican Party on how to approach the problem of too-big-to-fail financial institutions.'&#'.ord('Ã').';''&#'.ord('‚').';' On the one hand, a growing number of influential voices are pushing for measures that would limit the size of megabanks or even push them to become...]]></description>
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							<title><![CDATA[Who Decided Megabanks Are Too Big to Jail?]]></title>
							<link>http://www.bloomberg.com/news/2013-02-03/who-decided-u-s-megabanks-are-too-big-to-jail-.html</link>
							<guid><![CDATA[http://www.bloomberg.com/news/2013-02-03/who-decided-u-s-megabanks-are-too-big-to-jail-.html]]></guid>							
							<pubDate>Mon, 04 Feb 2013 00:00:00 -0600</pubDate>
							<author>Simon Johnson</author>
							<description><![CDATA[Tom Hanks has a knack for playing the roles that define American generations. In "Saving Private Ryan," he embodied the courage of the men who landed on the Normandy beaches under heavy fire. In "Apollo 13," he conveyed calm and ingenuity under intense pressure: "Houston, we have a...]]></description>
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							<title><![CDATA[&quot;Too Big to Fail&quot; &amp; the Legacy of Tim Geithner]]></title>
							<link>http://economix.blogs.nytimes.com/2013/01/17/the-legacy-of-timothy-geithner/</link>
							<guid><![CDATA[http://economix.blogs.nytimes.com/2013/01/17/the-legacy-of-timothy-geithner/]]></guid>							
							<pubDate>Fri, 18 Jan 2013 00:00:00 -0600</pubDate>
							<author>Simon Johnson</author>
							<description><![CDATA["Too big to fail is too big to continue. The megabanks have too much power in Washington and too much weight within the financial system.'&#'.ord('Ã').';''&#'.ord('¢').';''&#'.ord('Â').';''&#'.ord('€').';''&#'.ord('Â').';''&#'.ord('�').';' Who said this and when?The answer is Peggy Noonan, the prominent conservative commentator, writing recently in The Wall Street Journal.]]></description>
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							<title><![CDATA[Will 2013 Mark the Beginning of U.S. Decline?]]></title>
							<link>http://www.realclearmarkets.com/</link>
							<guid><![CDATA[http://www.realclearmarkets.com/]]></guid>							
							<pubDate>Mon, 24 Dec 2012 00:00:00 -0600</pubDate>
							<author>Simon Johnson</author>
							<description><![CDATA['&#'.ord('Ã').';''&#'.ord('¢').';''&#'.ord('Â').';''&#'.ord('€').';''&#'.ord('Â').';''&#'.ord('œ').';'A modest man,'&#'.ord('Ã').';''&#'.ord('¢').';''&#'.ord('Â').';''&#'.ord('€').';''&#'.ord('Â').';''&#'.ord('�').';' Winston Churchill supposedly quipped about Clement Attlee, his successor as prime minister, '&#'.ord('Ã').';''&#'.ord('¢').';''&#'.ord('Â').';''&#'.ord('€').';''&#'.ord('Â').';''&#'.ord('œ').';'but then he has so much to be modest about.'&#'.ord('Ã').';''&#'.ord('¢').';''&#'.ord('Â').';''&#'.ord('€').';''&#'.ord('Â').';''&#'.ord('�').';' We should say the same about economists, particularly their ability to forecast anything in a useful and timely...]]></description>
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							<title><![CDATA[Last Ditch Attempt to Derail the Volcker Rule]]></title>
							<link>http://economix.blogs.nytimes.com/2012/12/20/last-ditch-attempt-to-derail-volcker-rule/</link>
							<guid><![CDATA[http://economix.blogs.nytimes.com/2012/12/20/last-ditch-attempt-to-derail-volcker-rule/]]></guid>							
							<pubDate>Thu, 20 Dec 2012 00:00:00 -0600</pubDate>
							<author>Simon Johnson</author>
							<description><![CDATA[]]></description>
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							<title><![CDATA[Fed Telegraphs Intention to Rein In Bank Size]]></title>
							<link>http://www.bloomberg.com/news/2012-12-09/tarullo-telegraphs-fed-s-plans-to-cap-bank-size.html</link>
							<guid><![CDATA[http://www.bloomberg.com/news/2012-12-09/tarullo-telegraphs-fed-s-plans-to-cap-bank-size.html]]></guid>							
							<pubDate>Tue, 11 Dec 2012 00:00:00 -0600</pubDate>
							<author>Simon Johnson</author>
							<description><![CDATA[Here's a puzzle to entertain your friends this holiday season. Why would a senior governor of the Federal Reserve System publicly ask a question to which he plainly knows the answer?We are all familiar with the dark art of reading central bank communications as they pertain to interest...]]></description>
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							<title><![CDATA[The Real Fiscal Risk in the U.S.]]></title>
							<link>http://economix.blogs.nytimes.com/2012/12/06/the-real-fiscal-risks-in-the-united-states/</link>
							<guid><![CDATA[http://economix.blogs.nytimes.com/2012/12/06/the-real-fiscal-risks-in-the-united-states/]]></guid>							
							<pubDate>Thu, 06 Dec 2012 00:00:00 -0600</pubDate>
							<author>Simon Johnson</author>
							<description><![CDATA[]]></description>
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							<title><![CDATA[Global Megabanks: Too Big To Handle]]></title>
							<link>http://www.project-syndicate.org/commentary/the-growing-consensus-against-big-banks-by-simon-johnson</link>
							<guid><![CDATA[http://www.project-syndicate.org/commentary/the-growing-consensus-against-big-banks-by-simon-johnson]]></guid>							
							<pubDate>Thu, 25 Oct 2012 00:00:00 -0500</pubDate>
							<author>Simon Johnson</author>
							<description><![CDATA[WASHINGTON, DC '&#'.ord('Ã').';''&#'.ord('¢').';''&#'.ord('Â').';''&#'.ord('€').';''&#'.ord('Â').';''&#'.ord('“').';' In the discussion of whether America'&#'.ord('Ã').';''&#'.ord('¢').';''&#'.ord('Â').';''&#'.ord('€').';''&#'.ord('Â').';''&#'.ord('™').';'s largest financial institutions have become too big, a sea change in opinion is underway. Two years ago, during the debate about the Dodd-Frank financial-reform legislation, few people thought that global megabanks...]]></description>
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							<title><![CDATA[Fiscal Confrontation Undermines the U.S.]]></title>
							<link>http://economix.blogs.nytimes.com/2012/09/27/fiscal-confrontation-undermines-the-u-s/</link>
							<guid><![CDATA[http://economix.blogs.nytimes.com/2012/09/27/fiscal-confrontation-undermines-the-u-s/]]></guid>							
							<pubDate>Thu, 27 Sep 2012 00:00:00 -0500</pubDate>
							<author>Simon Johnson</author>
							<description><![CDATA[]]></description>
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							<title><![CDATA[Mario Draghi Cannot Save the Euro]]></title>
							<link>http://www.bloomberg.com/news/2012-08-05/mario-draghi-cannot-save-the-euro.html</link>
							<guid><![CDATA[http://www.bloomberg.com/news/2012-08-05/mario-draghi-cannot-save-the-euro.html]]></guid>							
							<pubDate>Mon, 06 Aug 2012 00:00:00 -0500</pubDate>
							<author>Simon Johnson</author>
							<description><![CDATA[European Central Bank President Mario Draghi has been making pronouncements that many have interpreted as positive for the future of the euro.I think his words mean things are going to get ugly.On July 26, Draghi said his institution would do "whatever it takes" to preserve the euro, and...]]></description>
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							<title><![CDATA[U.S. Banks Aren't Ready for European Crisis]]></title>
							<link>http://www.bloomberg.com/news/2012-06-24/u-s-banks-aren-t-nearly-ready-for-coming-european-crisis.html</link>
							<guid><![CDATA[http://www.bloomberg.com/news/2012-06-24/u-s-banks-aren-t-nearly-ready-for-coming-european-crisis.html]]></guid>							
							<pubDate>Mon, 25 Jun 2012 00:00:00 -0500</pubDate>
							<author>Simon Johnson</author>
							<description><![CDATA[The euro area faces a major economic crisis, most likely a series of rolling, country-specific problems involving some combination of failing banks and sovereigns that can't pay their debts in full.This will culminate in systemwide stress, emergency liquidity loans from the European...]]></description>
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							<title><![CDATA[A Flaw at the Heart of the Federal Reserve]]></title>
							<link>http://economix.blogs.nytimes.com/2012/06/14/an-institutional-flaw-at-the-heart-of-the-federal-reserve/</link>
							<guid><![CDATA[http://economix.blogs.nytimes.com/2012/06/14/an-institutional-flaw-at-the-heart-of-the-federal-reserve/]]></guid>							
							<pubDate>Thu, 14 Jun 2012 00:00:00 -0500</pubDate>
							<author>Simon Johnson</author>
							<description><![CDATA[]]></description>
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							<title><![CDATA[The Fed's Stress Tests Make Us All Muppets]]></title>
							<link>http://www.bloomberg.com/news/2012-03-18/federal-reserve-stress-tests-make-us-all-muppets.html</link>
							<guid><![CDATA[http://www.bloomberg.com/news/2012-03-18/federal-reserve-stress-tests-make-us-all-muppets.html]]></guid>							
							<pubDate>Mon, 19 Mar 2012 00:00:00 -0500</pubDate>
							<author>Simon Johnson</author>
							<description><![CDATA[Simon Johnson, who served as chief economist at the International Monetary Fund in 2007 and 2008, is a professor of entrepreneurship at the Massachusetts Institute of Technology's Sloan School of Management.There was disheartening news last week regarding the way the U.S. financial...]]></description>
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							<title><![CDATA[Huntsman's Right About Breaking Up Big Banks]]></title>
							<link>http://www.slate.com/articles/business/project_syndicate/2011/12/bank_bailouts_why_are_we_helping_banks_and_demanding_austerity_for_everyone_else_.html</link>
							<guid><![CDATA[http://www.slate.com/articles/business/project_syndicate/2011/12/bank_bailouts_why_are_we_helping_banks_and_demanding_austerity_for_everyone_else_.html]]></guid>							
							<pubDate>Mon, 26 Dec 2011 00:00:00 -0600</pubDate>
							<author>Simon Johnson</author>
							<description><![CDATA[Santa Claus came early this year for four former executives of Washington Mutual, which failed in 2008. The executives reached a settlement with the FDIC, which sued them for taking huge financial risks while '&#'.ord('Â').';''&#'.ord('“').';'knowing that the real estate market was in a '&#'.ord('Â').';''&#'.ord('‘').';'bubble.'&#'.ord('Â').';''&#'.ord('’').';' '&#'.ord('Â').';''&#'.ord('”').';' The FDIC had...]]></description>
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							<title><![CDATA[Breaking the Boom-Bust-Bailout Cycle]]></title>
							<link>http://www.bloomberg.com/news/2011-11-07/middle-class-pays-for-financial-market-mistakes-simon-johnson.html</link>
							<guid><![CDATA[http://www.bloomberg.com/news/2011-11-07/middle-class-pays-for-financial-market-mistakes-simon-johnson.html]]></guid>							
							<pubDate>Sat, 12 Nov 2011 00:00:00 -0600</pubDate>
							<author>Simon Johnson</author>
							<description><![CDATA[At one level, all financial crises are the same. A relatively small group of people, typically bankers, find the opportunity to take very big risks. For a while, financiers show high profits, justifying rising stock prices for their companies and large bonuses for their top executives....]]></description>
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							<title><![CDATA[Dodd-Frank Did Nothing to Reform Wall St.]]></title>
							<link>http://www.bloomberg.com/news/2011-10-10/too-big-to-fail-not-fixed-despite-dodd-frank-commentary-by-simon-johnson.html</link>
							<guid><![CDATA[http://www.bloomberg.com/news/2011-10-10/too-big-to-fail-not-fixed-despite-dodd-frank-commentary-by-simon-johnson.html]]></guid>							
							<pubDate>Mon, 10 Oct 2011 00:00:00 -0500</pubDate>
							<author>Simon Johnson</author>
							<description><![CDATA[Here we go again. Major shocks potentially threaten the solvency of some of the world'&#'.ord('Ã').';''&#'.ord('¢').';''&#'.ord('Â').';''&#'.ord('€').';''&#'.ord('Â').';''&#'.ord('™').';'s largest financial institutions. Concerns grow over the ability of European leaders to shore up their banks, which are reeling from a sovereign-debt crisis. In the U.S., the shares of some large...]]></description>
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							<title><![CDATA[Why Are Taxpayers Still Backstopping Goldman?]]></title>
							<link>http://economix.blogs.nytimes.com/2011/04/14/is-goldman-sachs-too-big-to-fail/</link>
							<guid><![CDATA[http://economix.blogs.nytimes.com/2011/04/14/is-goldman-sachs-too-big-to-fail/]]></guid>							
							<pubDate>Thu, 14 Apr 2011 00:00:00 -0500</pubDate>
							<author>Simon Johnson</author>
							<description><![CDATA[If Goldman Sachs were to hit a hypothetical financial rock, would it  be allowed to fail '&#'.ord('Ã').';''&#'.ord('¢').';''&#'.ord('Â').';''&#'.ord('€').';''&#'.ord('Â').';''&#'.ord('”').';' to go bankrupt as did Lehman '&#'.ord('Ã').';''&#'.ord('¢').';''&#'.ord('Â').';''&#'.ord('€').';''&#'.ord('Â').';''&#'.ord('”').';' or would it and its  creditors be bailed out?I posed this question on Sunday to four experts (Erik Berglof, Claudio Borio, Garry Schinasi and Andrew Sheng) ...]]></description>
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							<title><![CDATA[Why &quot;Too Big To Fail&quot; Is Scarily Here to Stay]]></title>
							<link>http://www.bloomberg.com/news/2011-01-27/banking-toxic-cocktail-is-too-big-to-forget-commentary-by-simon-johnson.html</link>
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							<pubDate>Thu, 27 Jan 2011 00:00:00 -0600</pubDate>
							<author>Simon Johnson</author>
							<description><![CDATA[As a senator from Delaware in 2009- 10, Ted Kaufman fought long and hard against the systemic dangers posed by large, highly leveraged U.S. banks. When he left the Senate, at the end of the last Congress, there were some who supposed that his arguments would now get less attention at...]]></description>
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