Tag: Robert Johnson

In Part 4 of his continuing series about the causes of and possible fixes for the ongoing economic and banking crisis with Paul Jay of The Real News, Dr. Robert Johnson, Director of Financial Reform for the Roosevelt Institute, and Executive Director of the Institute for New Economic Thinking (INET) discusses his ideas of the main principles for the kind of legislation needed to remedy the situation.

Johnson notes that without fundamental changes in the way the Obama Administration is dealing with, and a new regulatory framework governing, the actions of investment banks on Wall Street and the forms of financial instruments like derivatives that they can create and sell, that another very serious economic crash, almost certainly worse than what we’ve seen so far, is a virtually certainty to occur, probably sooner than later, and that firms that are “too big to fail” must be allowed to fail.

You can watch all four parts of this interview under the tag Robert Johnson.

Following Part 1 and Part 2, Dr. Robert Johnson, Director of Financial Reform for the Roosevelt Institute, and Executive Director of the Institute for New Economic Thinking (INET) (a project with George Soros), in this third part of a series of discussions with Paul Jay talks about the real choices that were ignored by the Obama White House for financial reform in dealing with the financial crisis rather than simply pumping money into the investment banks.

Also see (on the flip):

What Congress Did Not Want You to Read: Robert Johnson’s Testimony on OTC Derivative Market

Saturday, 11/7/2009, by Lynn Parramore at New Deal 2.0 (a project of the Roosevelt Institute)

Yesterday in Crony Capitalism we heard Dr. Robert Johnson of the United Nations Commission of Experts on International Monetary Reform under the Chairmanship of Joseph Stiglitz, and Executive Director of the Institute for New Economic Thinking (INET), talking with Real News CEO Paul Jay about the causes of the economic crisis and about some of his suggestions for banking and financial reform.

Today in Part 2 Johnson and Jay continue the discussion addressing the question of whether the White House governs Wall Street or whether it’s the other way around…

Dr. Robert A. Johnson currently serves on the United Nations Commission of Experts on International Monetary Reform under the Chairmanship of Joseph Stiglitz. He is also the Director of Economic Policy for the Franklin and Eleanor Roosevelt Institute (FERI) in New York. Dr. Johnson was previously a managing director at Soros Fund Management where he managed a global currency, bond and equity portfolio specializing in emerging markets. Prior to that time, Dr. Johnson was a managing director of Bankers Trust Company managing a global currency fund. He also served as Chief Economist of the U.S. Senate Banking Committee under the leadership of Chairman William Proxmire (D. Wisconsin) and before that, he was Senior Economist of the U.S. Senate Budget Committee under the leadership of Chairman Pete Domenici (R. New Mexico).

Here Johnson talks with Paul Jay of The Real News about how we got into the current and continuing economic mess, and makes some suggestions for banking and financial reform and a way out of the mess.