Joseph E Stiglitz, Columbia University | April 10, 2008
The current financial crisis demands strong governmental actions, particularly in the US. ++ The US's financial problems can be explained through the debt crisis, credit crunch, and housing bubble which lead to a consumer binge. ++ The government should help homeowners stay in their homes and engage in effective rescues when necessary. ++ This downturn is only made worse by the current US leadership deficit.