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corporate dominance | government

VIDEO: Joseph Stiglitz on NOW, 11/20/2008

Insight on the economic meltdown from a Nobel Prize winning economist. Joseph Stiglitz talks about misplaced priorities in handling the economic meltdown and what we should do next. Our focus must be on Main Street and the foreclosure problem.
President Reagan did not believe in regulation and appointed a regulator who didn't believe in regulation.

Congress repealed the Glass Stiegel Act (1933) separating commercial and investment banks. A culture of risk-taking was totally inappropriate.

We have to create a Financial Products safety c0ommission and a stability commission.

to hear Joseph Stiglitz on NOW, 11/20/2008, click on
 http://www.pbs.org/now/shows/446/video-webex.html

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