Stiglitz describes overpaying for loans as ‘really criminal’

Nobel Prize winning economist, Joseph Stiglitz, who was in Dublin this week, spoke with RTE’s Mark Little for Prime Time.

“This is a pattern I used to see while working at the World Bank, you’d have these crises, bankers come in, say you have to do something very quickly, and basically they rob the taxpayer.”

His damning indictment of NAMA should leave no doubt in anyone’s mind:

Who would you trust? Our minister for finance or a nobel prize winning economist.

According to our Finance Minister, the architect of the NAMA plan, Stiglitz is wrong!

What’s that old saying about pride before a fall?

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