Simon Johnson Explains "What The Banks Did To Us" And Why "Seriously -- Goldman Sachs Can't Fail" (GS)

Simon Johnson, the former IMF chief economist who is now a professor at MIT's Sloan School of Management recently spoke at INET's conference in Bretton Woods on a panel on "Too Big to Fail." He told the room that Goldman is still too big too fail; it simply has to be bailed out if it fails at this point. We've transcribed part of his speech: "Who in the room thinks that if Goldman...