tag:blogger.com,1999:blog-2761684730989137546.post8223037535517002160..comments2024-03-28T07:50:06.102-04:00Comments on Mike Norman Economics: Joseph E. Stiglitz — Europe’s Attack on Greek Democracymike normanhttp://www.blogger.com/profile/03296006882513340747noreply@blogger.comBlogger3125tag:blogger.com,1999:blog-2761684730989137546.post-17675590646709878932015-06-29T17:32:41.404-04:002015-06-29T17:32:41.404-04:00This comment has been removed by the author.Unknownhttps://www.blogger.com/profile/07198667003900590106noreply@blogger.comtag:blogger.com,1999:blog-2761684730989137546.post-59296252859979089552015-06-29T16:39:45.554-04:002015-06-29T16:39:45.554-04:00Ralph-- Stiglitz obviously is referring to the &qu...Ralph-- Stiglitz obviously is referring to the "bailout" money, and he's right about that. Detroit Danhttps://www.blogger.com/profile/03718490473585220856noreply@blogger.comtag:blogger.com,1999:blog-2761684730989137546.post-34242008433604365922015-06-29T14:33:32.010-04:002015-06-29T14:33:32.010-04:00What’s this idiot Stiglitz rambling on about? … “a...What’s this idiot Stiglitz rambling on about? … “almost none of the huge amount of money loaned to Greece has actually gone there. It has gone to pay out private-sector creditors – including German and French banks.” Er.. no.<br /><br />Private banks loaned Xbn to Greece, and the Troika then took over those loans. So Greece got Xbn which it may never pay back.<br /><br />If Stiglitz bought a house for $Y with a $Y mortgage from a bank and the bank was taken over by another bank, presumably Stiglitz would expect a check in the post for $Y and to retain the house. $Y profit for Stiglitz!!<br /><br />Ralph Musgravehttps://www.blogger.com/profile/09443857766263185665noreply@blogger.com