Those who have followed Kevin Gosztola’s LiveBlog may already have seen this, but it’s worth reshowing.  Nobel Economics Prize winner Joseph Stiglitz joined economist Jeff Madrick to provide a short teach in at #OccupyWallStreet Sunday.

Key lessons:

“We have too many regulations stopping democracy & not enough regulations stopping Wall Street from misbehaving.

“… The balance of rights has been distorted. We bailed out the banks with the understanding that there would be a restoration of lending. All there was was a restoration of bonuses.”



John has been writing for Firedoglake since 2006 or so, on whatever interests him. He has a law degree, worked as legal counsel and energy policy adviser for a state energy agency for 20 years and then as a consultant on electricity systems and markets. He's now retired, living in Massachusetts.

You can follow John on twitter: @JohnChandley