Papantonio and Joseph Stiglitz on the Economic Freefall

Papantonio and Joseph Stiglitz on the Economic Freefall

Its been almost two years since the economy began its downward spiral, and to this day the very folks on Wall Street who caused this mess are still sitting in powerful positions at the top of Americas financial services companies. If you examine the root causes of our current crisis, it becomes painfully obvious that the big bankers decided that they could take as much risk as possible without any regard to the well-being of their clients. As a result, banks lost money, their clients lost money, and taxpayers lost money when we had to bail them out. Mike Papantonio talks about how this started and what we need to do prevent another meltdown with Nobel Prize-winning economist Joseph Stiglitz, author of the new book Freefall: America, Free Markets, and the Sinking of the World Economy.

PART 1



Papantonio and Joseph Stiglitz on the Economic Freefall - PT. 2/2



Charlie Rose Stiglitz and Ackman part 1 of 3
Economist Joseph Stiglitz, investor Bill Ackman (Pershing Square), and NY Times journalist Andrew Ross Sorkin discussed toxic assets, stress tests, bank bailout with Charlie Rose on April 24, 2009.