I listen to this and wonder why we allowed it and what the purpose was and what the final result will be. Sobering!
Joseph Stiglitz won the Noble Prize and he was president of the World Bank.
He has two simple messages:
1. The Iraq War will cost the US $3 TRILLION (minimum)
2. The war is one of the chief causes behind the destruction of the US (and the world's) banking system.
This interview was recorded back in April, long before the seriousness of the banking problems were apparent and long before the multi-trillion dollar bailouts.