Simon Johnson On Bank Bailout Plan

Enlarge this image

At a press conference in July 2008, Simon Johnson and members of the IMF predicted a global recession. Stephen Jaffe/IMF / Getty Images hide caption

toggle caption

Stephen Jaffe/IMF / Getty Images

At a press conference in July 2008, Simon Johnson and members of the IMF predicted a global recession.

Stephen Jaffe/IMF / Getty Images

Simon Johnson helped shape the International Monetary Fund's response to worldwide financial turmoil as the organization's economic counselor and director of the research department, a position he held from March 2007 until August 2008.

Now a professor of entrepreneurship at MIT's Sloan School of Management, Johnson is also the co-founder of BaselineScenario.com, a Web site that chronicles the global economic and financial crisis.

Johnson joins Fresh Air to analyze the bank bailout plan and its alternatives.