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Stiglitz: Financial Woes Worse than a Year Ago
Monday, September 14, 2009 10:32 AM
By: Dan Weil Article Font Size
Nobel laureate economist Joseph Stiglitz says that despite all the government intervention since the collapse of Lehman Brothers a year ago, the financial system is no safer.
In fact, the opposite is true, he told Bloomberg.
“In the U.S. and many other countries, the too-big-to-fail banks have become even bigger,” Stiglitz maintains.
“The problems are worse than they were in 2007 before the crisis.”
Other experts share the C