Let banks fail, says Nobel economist Joseph Stiglitz - Telegraph

Let banks fail, says Nobel economist Joseph Stiglitz - Telegraph: "The Government should allow every distressed bank to go bankrupt and set up a fresh banking system under temporary state control rather than cripple the country by propping up a corrupt edifice, according to Joseph Stiglitz, the Nobel Prize-winning economist"?IS HE RIGHT AND SHOULD THE SAME APPLY TO IRELAND?