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Nobel Laureate Joseph Stiglitz: Bail Out Wall Street Now, Change Terms Later

Nobel Laureate Joseph Stiglitz: Bail Out Wall Street Now, Change Terms Later

The Senate has endorsed a revised version of the $700 billion Wall Street bailout plan. The legislation was easily approved last night on a 74-to-25 vote with a majority of Democrats and Republicans voting in favor — among them, presidential nominees Barack Obama and John McCain. Nobel Prize-winning economist Joseph Stiglitz says the measure, although flawed, should be supported now and revisited after the November elections. [includes rush transcript]

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