‘Stiglitz: The Financial Crisis was Avoidable’

Professor Joseph Stiglitz of Columbia is a rare individual who has both been a part of the financial elite and is now critical of many of the practices of his former crowd.

He was the Chief Economist of the World Bank and advised President Bill Clinton in the mid-1990s. Since then, Stiglitz, a well-known public figure and highly-respected economist in academia, has often questioned some of the same institutions that he formerly served under or advised.

on the crisis he says…“It wasn’t an accident; it was man-made,” he said in an interview with IBTimes. In particular, Stiglitz blamed US financial institutions and the laws that enabled their damaging behavior.

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