Joseph Stiglitz, American economist, on resolving the global financial crisis

[miguelcarvalho2008]

I have a problem with letting countries which clearly cannot set the best rules for themselves determining what happens to all of us. Why should they? Because they are poor? Well, there are many good reasons why they are poor. Perhaps that is a warning to the world.

The financial crisis is just a reflection of other crisis, unbalances which should be addressed.

Let us see the poor fighting corruption. Let us see the U.S. resist lobbies.

[jbryant13]

When an "economist" proposes a "solution" to a financial crisis - RUN - If they have a PhD and Nobel prize after their name - RUN FASTER !

These pinhead globalist Ivy League academics are destroying the world.

[unrealalexk]

lol, yes lets listen to community college professors instead!

[eshnajizzle]

@jbryant13

How about you give your own solution?

[morecowbellebr]

Does anybody know what this interview is from?

[MCsunday1508]

So now they propose a globalized regulatory system as a solution to the crisis created by the international banking industry. We could just as well have one world government.

[2007reza]

You aren't able to solve your very own problems, now trying to globalize it. A globalised regulatory system won't solve the problem rather it increases the risk of future failures. In that case you shall not worry since you have distributed the future risk to developing countries. One should be very simple not to realise what the consequences of a globalised regulatory system would be, while the basis, fund, is generated by developed countries.