The bankers' pursuit of self-interest (greed) did not lead to the well-being of society; it did not even serve their shareholders and bondholders well. It certainly did not serve homeowners who are losing their homes, workers who have lost their jobs, retirees who have seen their retirement funds vanish, or taxpayers who paid hundreds of billions of dollars to bail out the banks.[...] Never has so much money been transferred from so many to so few.
Nobel Laureate Joseph Stiglitz reflects on the recent global crisis (in the pages of The China Daily, of all places, not the US or business press), draws a few lessons and warns that it may not be over:
![[QODLink]](http://english.aljazeera.net/mritems/Images/2012/2/11/2012211114212966734_16.jpg "Yusuf Raza Gilani")
