Is it time for Washington to break up or shrink America's largest banks? On this week's Money & Politics Podcast, Jim's guest is economist Simon Johnson who advocates doing just that. Johnson, currently an MIT business professor, used to be the chief economist of the International Monetary Fund. He's also a senior fellow at the Peterson Institute for International Economics in Washington and a co-founder of the financial blog BaselineScenario.
In addition, Johnson is a weekly contributor to The New York Times' Economix blog and a regular Bloomberg columnist. Along with James Kwak, Johnson is author of 13 Bankers: The Wall Street Takeover and The Next Financial Meltdown and White House Burning: The Founding Fathers, Our National Debt and Why it Matters to You.