Simon Johnson on Whether Wall Street Has Changed

BY busadmin  July 13, 2009 at 3:47 PM EST

Paul Solman: MIT’s Simon Johnson, former chief economist at the IMF, is a frequent contributor to the NewsHour and this page. He’s also coauthor of a blog on the financial crisis, The Baseline Scenario, which has, in the words of Paul Krugman, “become a must read.”

Since Johnson comes to Boston regularly, where I’m located and a camera is within easy reach, we’ve decided to check in with him regularly on key questions of MINE…and yours as well. One last reason to make him a video regular here: He’s about as charming and clear an economic talker as I’ve ever encountered. And I’ve encountered more than a few economic talkers in the past 32 years.

In the clip below, I ask Johnson for his thoughts on whether the proposed bank regulations will work and if he believes that American ‘oligarchs’ still run Wall Street. A few annotations: This interview took place a few weeks ago. Jamie Dimon is the CEO of JPMorgan Chase.