Wednesday, July 04, 2012

Stiglitz says 'Send Bankers to Jail'

Stiglitz says 'Send Bankers to Jail', article.

Nobel Prize winner and former World Bank economist Joseph Stiglitz  [...]  argued (with Barclay's as just the most recent example) that bankers -- without threat of prosecution or jail time -- would continue to use their elevated status to exploit weak regulations, consolidate power, and avoid accountability.

4 comments:

  1. I can't imagine Stiglitz is wrong about that. After all, didn't he once run the World Bank?

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  2. Everybody is crooked if they can get away with it. Only in the top, the numbers are much bigger.

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  3. hopefully banks will lose their advantaged positions now that decentralized digitalised currency is here and middlemen are no longer neccasary

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  4. Fascinating video that explains the Libor story.

    http://youtu.be/0oV2mI0IYp8

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