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| Permalink View Article Stats (6 comments) STIGLITZ: Global Crisis - Made in America Quicklink submitted by Rady Ananda (Add your own quicklinks easily with the OpEdNews Quick Link Browser bookmark) |
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| Financial markets are supposed to be a means to an end -- a more prosperous and stable economy as a result of good allocation of resources and better management of risk. But instead, financial markets didn't manage risk, they created it. They didn't enable America's families to manage the risk of volatile interest rates, and now millions are losing their homes. Furthermore, they misallocated hundreds of billions of dollars. |
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