Nobel Prize Winner Stiglitz Criticizes Bank Rescues

Monday, October 12, 2009

Nobel Prize winner, Stiglitz had some harsh comments on the Administration:

“All the ingredients they have so far are weak, and there are several missing ingredients”

"The people who designed the plans are either in the pocket of the banks or they’re incompetent.”

“You’re really bailing out the shareholders and the bondholders”

Stiglitz joins his views with many other reputed economists and investors.

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