BUSINESS
11/14/2009 05:12 am ET Updated May 25, 2011

Joseph Stiglitz: Bank Problems Bigger Than Pre-Lehman Era

Sept. 14 (Bloomberg) -- Joseph Stiglitz, the Nobel Prize- winning economist, said the U.S. has failed to fix the underlying problems of its banking system after the credit crunch and the collapse of Lehman Brothers Holdings Inc.

"In the U.S. and many other countries, the too-big-to-fail banks have become even bigger," Stiglitz said in an interview yesterday in Paris. "The problems are worse than they were in 2007 before the crisis."

Read more on bloomberg.com