Joseph Stiglize (Pulitzer Prize Winner) on why We Shouldn't BUY Garbage!

[KoKo]

Run time: 09:51 https://www.youtube.com/watch?v=7dxiz1_bkO4   Posted on YouTube: February 10, 2009 By YouTube Member: Views on YouTube: 0   Posted on DU: February 10, 2009 By DU Member: KoKo Views on DU: 933

 

[kenny blankenship]

1. "Our theories about self-interested behavior are being verified"

Good one.

Seriously though I hope everyone watches this clip and takes to heart what Stiglitz is saying about "what we've seen happen around the world" whenever a public gives bailout money to crooked blown up banks without asserting control.

Stiglitz has the judgment, temperament and public spiritedness to oversee the restructuring of the US banking system.
Larry Summers I trust about as much as Dick Morris.

[Stevepol]

2. This should be viewed by everybody. Needs to go to the Greatest!

I'm afraid he's right about Obama and Geithner. They're going to do everything wrong before they figure out what's right.

I wish Obama would pay more attention to Stiglitz and Krugman and less attention to Geithner and his ilk, all these high rollers who now have become so concerned over the American economy after spending their lives diverting as much of the American economy into their own pockets as they could.

[digidigido]

3. Probably the most important post in the history of DU

[KoKo]

4. He was better than listening to CNBC/Tweety or CNN on the Banking Crisis...

At least he explained a lot more than those spin/pundit/corporate sites did to help me understand what it's all about. :shrug:

[Postman]

5. in other words, NATIONALIZE THE BANKS.

IF you can't play by the rules, you're not playing.

[debbierlus]

6. Kick