Simon Johnson Joins Bloomberg News as Monthly Columnist

         New Column Will Cover the Economy and the Financial Industry

Business Wire

NEW YORK -- September 29, 2010

Bloomberg News Editor in Chief Matthew Winkler today announced that Simon
Johnson will join Bloomberg as a monthly columnist covering the economy and
the financial industry. Johnson’s first column, “Obama as Comeback Kid Just
Needs Weaker Dollar,” debuts today and is on Bloomberg.com at:

http://www.bloomberg.com/news/2010-09-29/obama-as-comeback-kid-just-needs-lower-dollar-commentary-by-simon-johnson.html.

Johnson is the Ronald A. Kurtz Professor of Entrepreneurship at MIT Sloan
School of Management and a senior fellow at the Peterson Institute for
International Economics. He is also a co-founder of BaselineScenario.com and a
member of the Congressional Budget Office’s Panel of Economic Advisers.

“Simon is a leading thinker and writer on the U.S. economy and banking
system,” said Winkler. “His commentary has informed and shaped the debate over
the role the biggest financial firms play in determining the course of U.S.
economic policy.”

Previous to his role at MIT, Johnson was the Chief Economist for the
International Monetary Fund and Director of its Research Department. Johnson
also co-authored the best-selling book, 13 bankers: The Wall Street Takeover
and the Next Financial Meltdown.

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