Banks Win, Taxpayers Lose: Stiglitz Wants “National Debate” on Bernanke

Even Nobel Prize-winning economist Joseph Stiglitz of Columbia University, a stalwart critic of the bank bailouts, admits the banking system is on firmer footing today. But that doesn’t mean he’s suddenly warmed up to the architects of the bailouts, notably Ben Bernanke, Tim Geithner and Larry Summers.

Among others, those three championed the deregulatory and easy money policies that helped cause the crisis. And none seems to have learned from past mistakes, Stiglitz says, citing their ongoing “deference to the financial sector.”

link

und sogar

Mr. Krugman Rewarding Bad Actors