The Mudcat Café TM
Thread #114650   Message #2461238
Posted By: Sawzaw
09-Oct-08 - 01:37 PM
Thread Name: BS: The Bailout
Subject: RE: BS: The Bailout
Joseph Stiglitz, "The Roaring Nineties," The Atlantic Monthly, 10/02:

"...the economy was slipping into recession even before Bush took office, and the corporate scandals that are rocking America began much earlier...
... during the Clinton Administration the groundwork for some of the problems we are now experiencing was being laid. Accounting standards slipped, deregulation was taken further than it should have been; and corporate greed was pandered to..."