An Institutional Flaw At The Heart Of The Federal Reserve

The Baseline Scenario An Institutional Flaw At The Heart Of The Federal Reserve Posted: 14 Jun 2012 07:10 AM PDT By Simon Johnson. This is a long blog post, about 2,800 words. On the ?PBS NewsHour? in late May, Treasury Secretary Timothy Geithner indicated that the continued presence of Jamie …

Anti-American Bankers

Anti-American Bankers Posted: 28 Sep 2011 07:56 PM PDT By Simon Johnson. An edited version of this short post appeared today on the NYT.com’s Room for Debate: “Are Global Banking Rules Anti-American?” Jamie Dimon claims that the new rules on bank capital “anti-American” because they somehow discriminate against American banks …

Break Bank of America up: Keep only the Retail operation!

Three Questions For The Financial Stability Oversight Council Posted: 03 Sep 2011 04:16 AM PDT By Simon Johnson The Dodd-Frank financial reform legislation of 2010 created a Financial Stability Oversight Council (FSOC), with the task of taking an integrated view of risks in and around the U.S. financial sector. The …

The Banking Emperor Has No Clothes

An article from The Baseline Scenario The Banking Emperor Has No Clothes Posted: 09 Jun 2011 03:10 AM PDT By Simon Johnson In a major speech earlier this week to an American Bankers Association conference, Treasury Secretary Tim Geithner laid out his view of what went wrong in the financial …

Nominate Elizabeth Warren – Provide The Pecora Hearings We Need

An article from The Baseline Scenario Nominate Elizabeth Warren – Provide The Pecora Hearings We Need Posted: 04 May 2011 08:29 AM PDT By Simon Johnson Ms. Warren is helping get the new Consumer Financial Protection Bureau (CFPB) off the ground and remains the leading contender to become its formal …

Is S&P’s Deficit Warning On Target?

An article from The Baseline Scenario Posted: 21 Apr 2011 05:26 AM PDT By Simon Johnson On Monday Standard & Poor’s announced that its credit rating for the United States was “affirmed” at AAA (the highest level possible), but that it was revising the outlook for this rating to “negative” …

A Healthy Financial System Cannot Be Built On The Expectation Of Bailouts

A publication from Baseline Scenario A Healthy Financial System Cannot Be Built On The Expectation Of Bailouts Posted: 05 Mar 2011 06:43 AM PST By Simon Johnson. Testimony submitted to the Congressional Oversight Panel, ?Hearing on the TARP?s Impact on Financial Stability,? Friday, March 4, 2011. I. Summary 1) The …