Monday, September 14, 2009

Economic Crisis: It's Worse than Before

Nobel-Prize Winning Economist Joseph Stiglitz: Post-Lehman Things are Worse than Ever

"In the U.S. and many other countries, the too-big-to-fail banks have become even bigger," Nobel Prize-winning economist Joseph Stiglitz said in an interview today in Paris.
Stiglitz leveled his criticism directly at the Obama administration for not placing stricter limits on the largest institutions or requiring them to simplify their structure.
"The problems are worse than they were in 2007 before the crisis." The statements come on the anniversary of the collapse of Lehman Brothers.
"We aren’t doing anything significant so far, and the banks are pushing back," he said.

Stiglitz: The Financial System Isn't Fixed

The Big Plunge Is Just Ahead

How the Federal Reserve Bought the Economics Profession

Arianna Huffington: Why Obama Won't Be Able to Reform Wall Street

Robert Reich: The Continuing Disaster of Wall Street, One Year Later

Financial Crisis (On Huffington Post)

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