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IPFS News Link • Obama Administration

Joseph Stiglitz Criticizes Bad Bank Plan as Swapping ‘Cash for Trash’

1-31-09 • Bloomberg.com

That amounts to swapping taxpayers’ “cash for trash,” Stiglitz said in a panel discussion at the World Economic Forum in Davos, Switzerland today. “You shouldn’t chase good money after bad. We’re talking about a national debt that’s very hard to mana

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Reported By Jack Gregson

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