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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