Bank Bailouts: Nobel Laureate Joseph Stiglitz Argues For The Creation Of New Banks (Video And Links 3-22-09)
Mar 22, 2009 at 1:49 PM
DailyBail in Bank Bailouts, bailout links, bailout news, bailout video, bank bailouts, banking crisis, create new banks with taxpayer funds, joseph stiglitz tells the truth, stop propping up zombie banks

Twice a winner of the Nobel Prize, Columbia professor Dr. Joseph Stiglitz appeared recently on CNBC's Power Lunch.  I will attempt to transcribe some of his comments later but for now just watch.  His thesis in this interview is that we should create new banks with taxpayer capital and NOT prop up the zombies that are full of toxic assets.     

Stiglitz is a site hero for many reasons but his famous line that " The Obama Administration's bad bank proposal is Cash For Trash" explains nicely why we're very fond of his thinking.


Stiglitz Comedy Interview on The Colbert Report (video)

Stiglitz at Davos on 'Bank Management Stupidty' (video)

Stiglitz Op-ed On How To Fix The Bank Bailouts 



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