Stiglitz says system worse than pre-Lehman

Nobel Prize winning economist Joseph Stiglitz says that little has changed in the year since Lehman and that system is on even shakier ground than it was before the collapse. “It’s an outrage,” especially “in the U.S. where we poured so much money into the banks,” Stiglitz said. “The administration seems very reluctant to do what is necessary. Yes they’ll do something, the question is: Will they do as much as required?”