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View Diary: Face it Republicans. Obama is the Democrat's Reagan. (264 comments)

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  •  Yeah (0+ / 0-)

    The problem is Stiglitz actually has no data to back up his claims.

    Consider Bear Stearns and Lehman (not to mention Goldman). 2 banks that did NOT merge with commercial banks.

    Their colapses were the catalyst to the problems, not the merged banks, which in fact, due to their broader bases, were better able to withstand  the housing collapse.

    I respect Stiglitz, but the evidence actually disproves his assertions.

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