If Bailout passes, fight to change terms- 2/2

Nobel Laureate Joseph Stiglitz: Bail Out Wall Street Now, Change Terms Later

The Senate has endorsed a revised version of the $700 billion Wall Street bailout plan. The legislation was easily approved last night on a 74-to-25 vote with a majority of Democrats and Republicans voting in favor—among them, presidential nominees Barack Obama and John McCain. Nobel Prize-winning economist Joseph Stiglitz says the measure, although flawed, should be supported now and revisited after the November elections. [includes rush transcript]

Category:

News & Politics

Tags:

• wall
• street
• bailout
• democracy
• now
• joseph
• stiglitz