Another Crisis on the Way? Rob Johnson on C-Span

Today on C-Span, Robert Johnson, Director of the Project on Global Finance at the Roosevelt Institute, reviews necessary financial reforms outlined in the recently-released Make Markets Be Markets report. Johnson warns that another crisis is on the way unless we get serious about reform. He warns that deceptive accounting practices, complexity, excessive leverage, regulatory capture, and no system to handle too big to fail institutions still pose a giant threat to our economy.

On the spirit that informs the work of the Roosevelt Institute, Johnson describes FDR as “a man who was extremely forthright and courageous at a time of great transition.”

On the current administration’s reform efforts: “I don’t see a human system, I don’t see the political will, I don’t see the President of the United States leading the charge.”

Taking questions from callers, Johnson discusses the dark side of Citigroup, the European Union, hedge funds, derivatives, Gary Gensler, consumer financial protection, and the regulatory proposals on the table in Washington.

Watch the interview here.