The Financial Services Roundtable Has No Clothes: Simon Johnson

Feb. 6 (Bloomberg) -- In a report last week, the Financial Services Roundtable boldly stated that the financial-services industry “has made significant changes since the crisis and is safer and stronger than ever.” The message from the lobby group, which represents 100 of the largest U.S. financial companies, is clear: When it comes to the risks posed by big banks, don’t worry, be happy.

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