Economist Joseph Stiglitz’s outspoken opposition to the Treasury’s plan to fund the purchase of toxic assets from banks may be only be one vote, but since he is a Nobel prize winner, it is an important one.

According to Reuters, he said “the U.S. government plan to rid banks of toxic assets will rob American taxpayers by exposing them to too much risk and is unlikely to work as long as the economy remains weak.”

The analysis may all be just guess work, but the guessing seems to be moving against the Administration.

Douglas A. McIntyre