Stiglitz: Bank Practices Have Weakened Our Economy

Friday, 29 Jun 2012 | 5:00 AM ET

Joseph Stiglitz, former World Bank chief economist and author of the 'Price of Inequality' told CNBC, "The scandal that has broken out in the UK (Libor) illustrates one of the main themes, that a lot of inequality especially income at the top doesn't come from people really making our economy work better,"