Nobel-prize winning economist Joseph Stiglitz talks with Bloomberg's Kathleen Hays about the U.S. government's Troubled Asset Relief Program for banks. Stiglitz, former chief economist at the World Bank and a professor of economics at Columbia University, also discusses the government's stress tests for banks and the Obama administration's strategy to bolster banks’ balance sheets to spearhead a recovery in an economy facing its longest recession in at least a quarter century.
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