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To: Haim R. Branisteanu who wrote (96565)	4/17/2009 11:34:26 AM
From: koan	1 Recommendation Read Replies (2) \| Respond to of 116555

I agree. Both Stiglitz and Krugman are saying the same thing. Almost exactly. Obama is being a fool to exclude those two great minds from his administraiton. IMO, he needs to replace Geightner and Summers with Krugman and Stiglitz. At least Elizabeth Warren is there telling the world the treasury will not cooperate with her efforts to oversee TARP. >> Stigliz one of the former Obama supporters speaks out about the huge heist of tax payer money to the pockets of WS Bankers thieves and swindlers bloomberg.com The Troubled Asset Relief Program, or TARP, isn’t large enough to recapitalize the banking system, and the administration hasn’t been direct in addressing that shortfall, he said. Stiglitz said there are conflicts of interest at the White House because some of Obama’s advisers have close ties to Wall Street. “We don’t have enough money, they don’t want to go back to Congress, and they don’t want to do it in an open way and they don’t want to get control” of the banks, a set of constraints that will guarantee failure, Stiglitz said. The return to taxpayers from the TARP is as low as 25 cents on the dollar, he said. “The bank restructuring has been an absolute mess.”<<