Stiglitz: Temporary Nationalization Necessary to Save Troubled Banks

At a recent community forum on the economy, Professor Joseph Stiglitz argued in favor of temporary bank nationalization, calling it "not that big of a deal" and essential to changing incentive structures. "When the economy recovers, you privatize again," he said.

Read more at http://www4.gsb.columbia.edu/publicoffering/post/63214/Stiglitz+on+the+Econom...)

Category:

News & Politics

Tags:

• Joseph Stiglitz
• Columbia Business School
• economy
• financial crisis
• nationalization

[tothemax01]

How about 'bankruptcy of zombie banks necessary to vitalize good ones'.

What the F kind of economy is a consumption economy? How is it that consuming stuff creates the stuff you want to consume? It doesn't, dickhead, economic quack. 'When the economy recovers, you privatize again'. So, your theory is that capitalism creates economic contraction, socialism creates economic growth. Buy a fcking history book you arogant, say-anything, old sack of shit. They tried that after the 1929 crash FCK U.