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The Only Way to Avoid Wasting Many Billions More: Take Over the Banks

By Joseph Stiglitz, The Nation. Posted March 7, 2009.


American banks have polluted the economy; it's a matter of equity and efficiency that they now be forced to clean it up.

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See more stories tagged with: banks, chris dodd, nationalization, geithner, restructuring

Joseph E. Stiglitz is University Professor at Columbia University. He received the Nobel Prize in Economics in 2001 for research on the economics of information. Most recently, he is the co-author, with Linda Bilmes, of The Three Trillion Dollar War: The True Costs of the Iraq Conflict.

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