Predators and Professors

I am currently petitioning the Board of Governors to remove Dimon from this position. Nearly 37,000 people have signed the , and I am optimistic that I will have a meeting soon with senior Washington, DC-based Board staff to discuss the matter.

Bollinger’s intervention may prove helpful to Dimon; after all, Columbia University is one of the world’s best-regarded universities. On the other hand, it could also prove productive in advancing the public debate about how too big to fail bankers sustain their implicit subsidies.

I have written a . I hope that Bollinger, in the spirit of open academic dialogue, replies in some public form – either in writing or by agreeing to debate the issues with me in person. We need a higher-profile conversation about how to reform the unhealthy relationship between universities and subsidized global financial institutions, such as JPMorgan Chase.

Simon Johnson, a former chief economist of the IMF, is co-founder of a leading economics blog, http://BaselineScenario.com, a professor at MIT Sloan, a senior fellow at the Peterson Institute for International Economics, and co-author, with James Kwak, of White House Burning: The Founding Fathers, Our National Debt, and Why It Matters to You.

Copyright: Project Syndicate, 2012.www.project-syndicate.org

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