Simon Johnson: "A Healthy Financial System Cannot Be Built on the Expectation of Bailouts"

Simon Johnson: "A Healthy Financial System Cannot Be Built on the Expectation of Bailouts"
Simon Johnson, The Baseline Scenario: "The financial crisis is not over, in the sense that its impact persists and even continues to spread. Employment remains more than 5 percent below its pre-crisis peak, millions of homeowners are still underwater on their mortgages, and the negative fiscal consequences - at national, state, and local level - remain profound."
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