What the Obama administration is doing wrong on the banks

Here's a great 10-minute interview in the New Yorker's Blog page of Joseph Stiglitz, a liberal economist, who is critical of the Obama Administration's handling of the economic crisis, particularly bank reform. What I like most about what Stiglitz (a Nobel prize winner) has to say is his defense of market mechanisms, properly regulated. This isn't about health reform, but if you keep it in the back of your mind as you listen to Stiglitz, you'll appreciate why I'm such a proponent of a regulated competitive market place for health insurance. Public plan could be in there, provided it doesn't use the leverage of the Medicare program to exact price concessions from hospitals and doctors that private insurers cannot.