This video interview asks Nobel Prize-winning economist Joseph Stiglitz the following important questions pertaining to the current financial crisis:
- What's your view of the bailout?
- Do you think it's money well spent?
- Why didn't financial regulators intervene?
- What role did the SEC play?
- What can the Obama administration do to fix this?
- What's the solution to protect ourselves from a future financial crisis?
His answers are depressing, sobering and insightful. Let's hope they get the bailout right, otherwise it's likely that our kids and the world at large will continue to pay the consequences.
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