Nobel laureate Stiglitz says U.S. economic recovery very weak

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this year, following a 6.4 percent pace of contraction in the first quarter. The drop was the fourth in a row, the longest contraction since quarterly records began in 1947 and the deepest recession since the ...

by the bubble and excessive borrowing before the crisis, and the collapse of Lehman Brothers accelerated the whole process of deleveraging. Whether Lehman Brothers had or had not been bailed out, the global economy was heading ...

consequence of flawed lending practices and inadequate oversight by regulators, including the Fed (the U.S. Federal Reserve), he said. Financial markets had lent on the basis of a bubble -- which they had helped created. They ...

  Sep 28 2009