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(Untitled) Sep 22nd 2013, 00:57, by noreply@blogger.com (Cliff Küle) Simon Johnson*:  The Problem of Too Big to Fail  Is Even Bigger Than Before  The Financial Crisis Interview with MIT's Economist Simon Johnson* on too big to fail & the debate over financial regulation .. on whether the financial system is safer today: "No, it is not structurally safer. The underlying incentives and rules have not changed, or not enough .. We should expect a repeat of the cycle and see something like that or even worse to happen again .. the lack of equity capital in a lot of the big international banks. Second, they remain very big and intertwined across many jurisdictions, including but not only through derivatives. That makes any kind of near fail situations very difficult to handle. And as you know, there still is no crossborder framework for dealing with that. Third, there is still a lot of reliance on short term wholesale financing through money market funds." LINK HERE to the transcript

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