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bloomberg.com - 24 days ago

Stiglitz Says U.S. Is Paying for Failure to Nationalize Banks

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Nov. 2 (Bloomberg) -- Nobel Prize-winning economist Joseph Stiglitz said the world’s biggest economy is suffering because of the U.S. government’s failure to nationalize banks during the financial crisis. “If we had done the right thing, we would be able to have more influence over the banks,” ...

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bloomberg.com - 25 days ago

Geithner Urges Banks to Resume Lending, Help Recovery (Update1)

— bloomberg.com — Nov. 1 (Bloomberg) -- U.S. Treasury Secretary Timothy Geithner said the country’s economic recovery and job creation... hinge on banks taking more risk and restoring the flow of credit to businesses. “The big risk we face now is that banks are going to ... (more) Geithner Urges Banks to Resume Lending, Help Recovery ...

Government

Timothy Geithner

Comments vote downundo vote up The Mess That Greenspan Made found this 25 days agofound this

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ritholtz.com - 24 days ago

Stiglitz: U.S. Paying for Not Nationalizing Banks

— ritholtz.com — “We have this very strange situation today in America where we have given banks hundreds of billions... of dollars and the president has to beg the banks to lend and they refuse. What we did was the wrong thing. It has weakened the economy and has ... (more) Stiglitz: U.S. Paying for Not Nationalizing Banks

Comments vote downundo vote up Economist's View found this 24 days agofound this

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market-ticker.denninger.net - 20 days ago

Breaking Up The Big Banks?

— market-ticker.denninger.net — From a Reuters blog: We are hearing that discussion of breaking up large financial institutions that pose... systemic risk to the market is gaining traction on the Hill. At this point, discussions are in the early stages, but we understand ... (more) Breaking Up The Big Banks?

Government

Timothy Geithner

Comments vote downundo vote up naked capitalism found this 20 days agofound this

Blog Reactions

Manhattan Real Estate: New York City Real Estate Tips:  Stiglitz: US Paying For Not Nationalizing Banks

The Big Picture:  Stiglitz: U.S. Paying for Not Nationalizing Banks

Economist's View:  "Stiglitz: U.S. Paying for Not Nationalizing Banks"

Reactions

Stiglitz : les US payent pour avoir échouer à nationaliser les banques http://bit.ly/2sTv1v 23 days ago

Stiglitz Says U.S. Is Paying for Failure to Nationalize Banks http://bit.ly/2sTv1v 23 days ago

http://bit.ly/1VjaFk - stiglitz comments on the banking situation irony 23 days ago

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Stiglitz: US Paying For Not Nationalizing Banks
Manhattan Real Estate: New York City Real Estate Tips — ... Seems counter productive to me. Time is what we need. Debt restructuring is what we need. Reorganization is what we need. And over time the write downs must be taken and the balance sheet repaired. Over the course of the process, everybody cutbacks. Hence the deflationary pressures. Fighting the natural order of things will only artificially heal things and likely lead to another crisis down the road. In the end, we'll have to finish the repair. Bloomberg reports that "Stiglitz Says U.S. Is Paying for Failure to Nationalize Banks": ...

Stiglitz: U.S. Paying for Not Nationalizing Banks
The Big Picture — “We have this very strange situation today in America where we have given banks hundreds of billions of dollars and the president has to beg the banks to lend and they refuse. What we did was the wrong thing. It has weakened the economy and has increased our deficit, making it more difficult for the future.” -Joseph Stiglitz > Any time Joseph Stiglitz calls out the government on their bad decision making, its worth reading: “Nobel Prize-winning economist Joseph Stiglitz said the world’s biggest economy is suffering because of the U.S. government’s failure to ...

"Stiglitz: U.S. Paying for Not Nationalizing Banks"
Economist's View — Barry Ritholtz: Stiglitz: U.S. Paying for Not Nationalizing Banks, by Barry Ritholtz: “We have this very strange situation today in America where we have given banks hundreds of billions of dollars and the president has to beg the banks to lend and they refuse. What we did was the wrong thing. It has weakened the economy and has increased our deficit, making it more difficult for the future.” -- Joseph Stiglitz Any time Joseph Stiglitz calls out the government on their bad decision making, its worth reading: ...