NOURIEL ROUBINI INTERVIEW
7 May 2009 by Cullen Roche
2 Comments
As always, good stuff here from Roubini:
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Comments
THE HONOURABLE DR. ROUBINI,
IS COMPLETELY WRONG IN HIS ASSUMPTIONS NO ONE LISTEN TO HIM AS HE HAS NOT MADE MONEY ON BEHALF OF CLIENTS FOR SOME TIME
Wow, that IMF guy was useless. Wishy washy and clearly hesitant to criticize the Obama admins plans and actions.
Clearly the desire is VERY strong for all kinds of political reasons to let the banks earn their way out of this and not make the bondholders take a haircut. We're funneling money in so many ways to these banks with the taxpayer backstopping it all. What a boondoggle.