Follow this link to hear the interview of Simon Johnson on the bank bailout plan.

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.

In the interview, he discusses other bailouts in history.  Some were successful and some were not. He analyzes the reasons for both success and failure.

I have previously blogged about Simon Johnson in the post Global Crisis Orientation.