Robert Johnson and "Too Big To Bail: the 'Paulson Put', Presidential Politics, and the Global Financial Meltdown"

In the past week there has been intense outrage over AIG executive bonuses and other manifestations of corporate greed. How do we go beyond the angry mob mentality? Guest Rob Johnson, who co-wrote "Too Big to Bail: The 'Paulson Put,' Presidential Politics, and the Global Financial Meltdown" with Thomas Ferguson, provides a larger context for understanding the current financial crisis and analyzing the knee-jerk responses that currently rule in the mass media.

Robert Johnson was formerly a managing director at Soros Funds Management and chief economist of the Senate Banking Committee.  You can read a recent article by Johnson and Ferguson at http://www.thenation.com/doc/20090309/ferguson_johnson?rel=hp_picks

 Hosted by Barbara Bernstein.