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Saving The Banks Vs. Saving The Bankers

Nobel Prize-Winning Economist Joseph Stiglitz: Obama Has Confused Saving the Banks with Saving the Bankers

We get reaction to President Obama's speech from Nobel economics laureate and former World Bank chief economist, Joseph Stiglitz. Stiglitz says the Obama administration has failed to address the structural and regulatory flaws at the heart of the financial crisis that stand in the way of economic recovery. Stiglitz also talks about why he thinks Obama's strategy on Afghanistan is wrong and that Obama's plan to keep a "residual force" in Iraq will be "very expensive"¦the result of that is the savings that they had hoped won't materialize." On healthcare, Stiglitz says a single-payer system is "the only alternative." Ref. Source 8

Bankers Saving Vs Banks Saving

It is my belief that if something is failing because of the way their governing body did business then let it fail. Out of the ashes will come something better and more stable. Throwing money to them is not helping anyone.