Simon Johnson - The Quiet Coup

Simon Johnson, professor at MIT’s Sloan School of Management. Former chief economist at the International Monetary Fund, he’s now a senior fellow at the Peterson Institute for International Economics. His new article in The Atlantic, “The Quiet Coup,” argues that “the finance industry has effectively captured our government — a state of affairs that more typically describes emerging markets.”

Read the article and listen to the WBUR On Point interview by Tom Ashbrook.
The verdict is in on the Obama Administration with regards to the financial crisis - they will do everything in their power to insure the continued regime of the mega-banks and financial institutions that got us into this mess to begin with. The taxpayers in this country, from individual citizens to businesses on up to the front door of the banks, will get nothing but more of the same as we pay their mega-salaries - the shaft.

There are real economists like Paul Krugman and Simon Johnson that are trying to speak on our behalf - its just that President Obama and his financial advisers are not listening, yet.