Nobel economist Stiglitz says U.S. banks are still in trouble

09/14/2009 | Bloomberg

U.S. banks have not resolved issues that caused the financial crisis, Nobel Prize-winning economist Joseph Stiglitz said. "In the U.S. and many other countries, the 'too big to fail' banks have become even bigger," Stiglitz said. The government is afraid of political fallout from challenging the banks, he said, and he hopes the Group of 20 nations will help instigate change.

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