Stiglitz Slams Goldman Sachs, Geithner, Bair and Obama

John Carney|Apr. 20, 2009, 12:30 PM

Tags: Wall Street, Tim Geithner, Financial Crisis, Banks, Treasury, Debt, TARP, U.S. Government, Credit Crisis, Stocks, Goldman Sachs, Economy, Financial Services, Bailout, Barack Obama, Politics

Last week, Nobel prize winning economist Joseph Stiglitz tore apart the Obama administration's attempts at financial rescue on Bloomberg TV.

He also tells Bloomberg that even if Goldman pays back the TARP, it will be far from a market-based company thanks to all the other aid programs it is participating. "This is not private enterprise," he says. "This is just hidden forms of government subsidies."

Here's an exerpt from the interview.

The DailyBail has the full version of the video, which runs about 12 minutes.

See Also:

Krugman: Treasury Just Shuffling Deck Chairs On Titantic

Stiglitz: People Who Designed Bailout Are In Wall Street's Pocket

Nobel Laureate Stiglitz: Geithner's Plan Is Just Robbery

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