In this timely event, renowned economist Simon Johnson will talk about his new book, 13 Bankers: The Wall Street Takeover and the Next Financial Meltdown, and offer bold solutions to policymakers on how to restructure the financial system.
13 Bankers charts the meteoric rise of the banking sector over the last three decades. It argues that power and prestige became increasingly concentrated in the hands of the few, and locates the cause of the financial crisis in the excessive risk-taking which became standard practice on Wall Street in the last decade. The book also directs blame at the Bush and Obama administrations for rescuing the megabanks without securing meaningful financial reform. However, Johnson and Kwak are convinced there is still time to restructure the banking sector and introduce the necessary regulations before the next financial meltdown.
General Assembly Hall, UN Headquarters