Joseph Stiglitz Quotes:
Ocupation: Economist
Life: b. February 9, 1943
Birthday: February 9
The fact that the government had to put up hundreds of billions of dollars to Citibank in guarantees was a public declaration that Citibank was a mess. Making Citibank go through financial restructuring would not have conveyed any more different information. So it's very hard to see why it would have had that kind of a panic if it were done well.
source: Interview with Amitabh Pal, www.sharedhost.progressive.org. May 27, 2011. 
topic: Government, Different, Dollars, Citibank, Restructuring
