Economics

13 Bankers: The Wall Street Takeover and the Next Financial Meltdown

Simon Johnson

About the Program

Simon Johnson talks about the power of Wall Street banks since the 2008 financial collapse.  In March 2009, the heads of the 13 largest banks in the U.S. visited President Obama in the White House to ask for help.  That help, which came in the form of bailouts, loans, and credits from the federal government, resulted in a further concentration of power within the banking sector, leading to what we have today - six megabanks that control a vast portion of our economy.  Mr. Johnson argues that  these banks, which are still too big to fail, continue to take excessive risks and could lead us to another collapse.        

About the Authors

Simon Johnson

Simon Johnson, former chief economist with the International Monetary Fund, is a professor of entrepreneurship at MIT and a senior fellow at the Peterson Institute for International Economics.  He is the co-author of The Baseline Scenario, an economic blog (baselinescenario.com).   


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Program Information

13 Bankers: The Wall Street Takeover and the Next Financial Meltdown

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Past Airings

  • Saturday, May 1st at 7pm (ET)
  • Sunday, April 25th at 6:30pm (ET)
  • Saturday, April 24th at 8:45am (ET)
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