In this interview with Robert Johnson, the former chief economist for
the Senate Banking Committee and a current member of the UN
commission
of experts
tasked with suggesting reforms to the international financial system,
Bill Moyers asks what can be done to revive the insolvent “zombie” banks
that are hampering the global economic recovery. Johnson lays out his
concerns with the Obama administration’s current course and the hopeful
signals he has seen in the past week. Part two of the
interview
discusses the practical steps that would need to be taken to nationalize
zombie banks and rescue the struggling eastern European economies.
—Corbin Hiar
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