Tuesday, October 04, 2011

Bernanke Statement Re Occupy Wall Street



Joe Stiglitz showed up on Wall Street to support Occupy Wall Street. An excerpt from his comments “We bailed out the banks with an understanding that there would be a restoration of lending. All there was was a restoration of bonuses. Unless we deal with the anti-competitive practices with the reckless vending and speculative behavior, with the anti-competitive practices, unless we restore demand to the function it should serve, we won’t have a robust recovery.”

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