<div style="margin: 12px 0px; font-family: arial; color: #333333; background: #ffffff; border: solid 4px #e5e5e5; width: 100%; clear: left;"><div class="CM_CTB_Content_Wrap" style="margin: 0px; padding: 0px;background-color: #ffffff;"><div style="border-bottom: solid 1px #dcdcdc; white-space: nowrap; margin-bottom: 8px; background-color: #eeeeee ;background-image: url(http://clipmarks.com/images/source-bg.gif); background-repeat: repeat-x; height: 24px; line-height: 24px; vertical-align: middle; padding-bottom: 4px; color: #666666; font-size: 10px;" ><a href="http://clipmarks.com/clip-to-blog/" title="see clips that are hot right now"><img src="http://content.clipmarks.com/blog_embed/7b6befcb-f81b-4fa3-8f69-0d5bcfed1104/7ECEB2E9-DDE5-4264-B602-3D92166ED0FE/" alt="" width="19" height="19" border="0" style="vertical-align: middle; margin: 0px 4px; display: inline; border: none; float:none;" /></a>clipped from <a title="http://www.telegraph.co.uk/finance/financetopics/financialcrisis/6186535/Lehman-collapse-12-months-on-and-the-financial-system-isnt-fixed-warns-Stiglitz.html" href="http://www.telegraph.co.uk/finance/financetopics/financialcrisis/6186535/Lehman-collapse-12-months-on-and-the-financial-system-isnt-fixed-warns-Stiglitz.html" style="font-size: 11px;">www.telegraph.co.uk</a></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://www.telegraph.co.uk/finance/financetopics/financialcrisis/6186535/Lehman-collapse-12-months-on-and-the-financial-system-isnt-fixed-warns-Stiglitz.html"><P> Mr Stiglitz, who is former chief economist at the World Bank, told Bloomberg News that "in the US and many other countries, the too-big-to-fail banks have become even bigger. </P></blockquote><div style="height: 2px; font-size: 2px; background: #dcdcdc; border-bottom: solid 1px #f5f5f5; margin: 2px 4px;"></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://www.telegraph.co.uk/finance/financetopics/financialcrisis/6186535/Lehman-collapse-12-months-on-and-the-financial-system-isnt-fixed-warns-Stiglitz.html"><P> "The problems are worse than they were in 2007 before the crisis." </P></blockquote><div style="height: 2px; font-size: 2px; background: #dcdcdc; border-bottom: solid 1px #f5f5f5; margin: 2px 4px;"></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://www.telegraph.co.uk/finance/financetopics/financialcrisis/6186535/Lehman-collapse-12-months-on-and-the-financial-system-isnt-fixed-warns-Stiglitz.html">His view has been echoed by former Federal Reserve chairman Paul Volcker, who has advised President Obama’s administration to curb the size of the banks. </blockquote><div style="height: 2px; font-size: 2px; background: #dcdcdc; border-bottom: solid 1px #f5f5f5; margin: 2px 4px;"></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://www.telegraph.co.uk/finance/financetopics/financialcrisis/6186535/Lehman-collapse-12-months-on-and-the-financial-system-isnt-fixed-warns-Stiglitz.html"><P> Mr Stiglitz also played down the hope that the American economy still quickly resume its role as the engine of the world economy. </P></blockquote><div style="height: 2px; font-size: 2px; background: #dcdcdc; border-bottom: solid 1px #f5f5f5; margin: 2px 4px;"></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://www.telegraph.co.uk/finance/financetopics/financialcrisis/6186535/Lehman-collapse-12-months-on-and-the-financial-system-isnt-fixed-warns-Stiglitz.html"><P> “We aren’t doing anything significant so far, and the banks are pushing back. The leaders of the G-20 will make some small steps forward, given the power of the banks” said Mr Stiglitz. "Any step forward is a move in the right direction." </P></blockquote></div><div style="margin: 0px 6px 6px 4px;"><table style="font-size: 11px;border-spacing: 0px;padding: 0px;" cellpadding="0" cellspacing="0" width="100%"><tr><td style="background:transparent;border-width:0px;padding:0px;">&nbsp;</td><td align="right" style="background:transparent;border-width:0px;padding:0px;width:107px" width="107"><a href="http://clipmarks.com/share/7ECEB2E9-DDE5-4264-B602-3D92166ED0FE/blog/" title="blog or email this clip"><img src="http://content8.clipmarks.com/images/c2b-foot.png" border="0" alt="blog it" width="107" height="17" style="border-width:0px;padding:0px;margin:0px;" /></a></td></tr></table></div></div>

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