Johnson on Bill Moyers Journal

In a February 27, 2009 interview, economist Robert Johnson reviewed the Obama administration's stake in Citigroup and how the government could successfully restructure the financial markets.
Link to site: 
http://www.pbs.org/moyers/journal/02272009/profile.html

On Friday, February 27, 2009, the Obama administration unveiled a complex stock transaction that would increase the nation's stake in the failed bank Citigroup to 38%.  The move increases the risk to taxpayers, but also potential reward, should the bank turn around and become profitable.

Robert Johnson, former managing director of Soros Fund Management and a Senior Fellow at the Roosevelt Institute, believes that the government's approach - which he calls "drip intravenous capital injection" - wastes taxpayer money and won't solve the financial crisis.   Johnson argues that the government's approach is too cautious, and recent developments in Central Europe only reinforce that the world faces a possible economic collapse.  "The architecture of the integrated world would be shattered," Johnson told Bill Moyers on the JOURNAL.