. >> from more on what path the organization will chart in the future, simon johnson, a senior fellow at the peterson institute for international economics. good to see you, simon. you know the imf well. what is going on inside this organization as we speak? >> well, it is a little unclear, though to those of us on the outside. there is not a lot of communication. we see the statements from the european leaders and now from the chinese, but it's quite a mystery exactly how and when and if the imf will make the next move. >> he hasn't been fired. he hasn't resigned. he hasn't even been put on leave. isn't that strange? >> that's my understanding of the situation and i can't account for it, so i would rather leave it at that. >> let's take a broader picture then. here is a man who is apparently very adept at the kind of diplomacy that is so necessary at the moment. he was on his way to see angela merkel to presumably help bail out the greeks, if such a man is in such a position, does that mean that the institution stops functioning in the way it should function, especially at this momen

chief economist simon johnson. in a recent survey seen 60% of america's banker subscription pay readers agree that interchange reform will help small baifntle the members who say this terrible rule change that exempts banks with less than $10 billion in assets is going to hurt them, they're otoonly wrong on the facts, they're wrong in public opinion. the key point to remember sheer that the debit interchange system isn't a prorlt functioning market. the interchange system has been designed in a way so normal market forces don't apply. no transparency. no competition. last year a bipartisan majority of my colleagues recognized that reform needed to take place. after years of studies and here, it became clear the interchange system was not go going to clear itself. it was broken and unfair. andrew martin summarized that the debit interchange system in an expo saivment "competition of course usually forces prices lower but for payment networks like visa and mastercard, competition in the card business is more about wi