Stiglitz criticizes Bad Bank Plan

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He gets some things right, but always manages to get a lot wrong:

That amounts to swapping taxpayers’ “cash for trash,” Stiglitz said in a panel discussion at the World Economic Forum in Davos, Switzerland today. “You shouldn’t chase good money after bad. We’re talking about a national debt that’s very hard to manage.”

Stiglitz Criticizes Bad Bank Plan as Swapping ‘Cash for Trash’

by Simon Kennedy

Feb 1 (Bloomberg)


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