"Americans who have lost pay, jobs, homes and savings are either patronized or drowned out entirely by a political system where the banking lobby rules in both parties and the revolving door between finance and government never stops spinning."

Frank Rich The New York Times January 10, 2010

Alliance For Economic Stability

Home Quotes Joseph Stiglitz, Nobel laureate economist. (* Note Mr. Stiglitz assumes that reported profits are real. In the subprime case no profits were actually realized until the Federal government intervened with taxpayer funds.)

"When they win they walk off with the profits*, when they lose the taxpayer pays.  We really need to go more directly at these issues like incentives."

Joseph Stiglitz, Nobel laureate economist. (* Note Mr. Stiglitz assumes that reported profits are real.  In the subprime case no profits were actually realized until the Federal government intervened with taxpayer funds.)
 

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