Simon Johnson
It is now time to get serious about major banking reform
Three years after the passage of the Dodd-Frank Wall Street Reform and Consumer Protection Act, it’s time to be honest about financial-sector reform: It...
Fumbling through banking fog around too big to fail
When Republicans invite a Democrat to testify at a congressional hearing and Democrats invite a Republican, we should pay attention. It was certainly the...
Who decided U.S. megabanks are too big to jail?
Tom Hanks has a knack for playing the roles that define American generations. In “Saving Private Ryan,” he embodied the courage of the men...
U.S. fiscal comeuppance matter of when not whether
“A modest man,” Winston Churchill supposedly quipped about Clement Attlee, his successor as prime minister, “but then he has so much to be modest...
Fed official’s remarks signal a shift toward bank reform
This is now the standard line from Wall Street lobbyists: Don’t worry about “too big to fail” financial institutions because the Dodd-Frank Act fixed...
Time to end a strange way of assessing the safety of...
Global regulators have a peculiar way of assessing the soundness of big banks: Ask bankers how risky their investments are, then figure out if...
Bank of America is too much of a behemoth to fail
The Obama administration says the Dodd-Frank financial reform law ends “too big to fail,” meaning that no financial institution will ever again need to...
Too big to fail is still a big problem, despite Dodd-Frank
Here we go again. Major shocks potentially threaten the solvency of some of the world’s largest financial institutions. Concerns grow over the ability of...
Too big to fail has grown into a much bigger problem
As a senator from Delaware in 2009-10, Ted Kaufman fought against the systemic dangers posed by large, highly leveraged U.S. banks. When he left...
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