Simon Johnson, a former chief economist of the IMF, is a professor at MIT Sloan, a senior fellow at the Peterson Institute for International Economics, and co-founder of a leading economics blog, The Baseline Scenario. He is the co-author, with James Kwak, of White House Burning: The Founding Fathers, Our National Debt, and Why It Matters to You.

Boards on Their Backs
Liz Banker: Had the per share value been low as it is with its nearest TBTF competitor, the outcome of last Tuesday's referendum on Mr. Dimon would have been different; (Exhibit A: BofA's acquisition of CW; Kenne…
Boards on Their Backs
Frank O'Callaghan: The big banks are not essential to the functioning of the economy. They are essential to it's dysfunction. These financial institutions have destroyed much wealth and mis-allocated more. They have …