Stiglitz Says Bank Problems Bigger Than Pre-Lehman – Bloomberg
20 September 2009
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The Nobel Prize winning economist, Joseph Stiglitz has grave warnings for the U.S. in the midst of what is the worst economic down-turn since the Great Depression. The massive blank check bailouts have failed to fix the underlying problems of the banking system. Stiglitz – “In the U.S. and many other countries, the too-big-to-fail banks have become even bigger.” “The problems are worse than they were in 2007 before the crisis.”
http://www.bloomberg.com/apps/news?pid=20601085&sid=aSbIT8GZjdKI
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