We Won't Escape the Worst Recession in 40 Years
Pierre de Gasquet and Virginie Robert interview Nouriel Roubini for Les Echos: the noted economist evaluates the administration's rescue plan and maintains, "... pooling the rotten assets in a sequestration structure is totally useless unless we reduce individuals' debts. Because if they can't pay, we'll have a foreclosure tsunami and banks will go under. And if they go under, the economy will go with them."
http://www.truthout.org/092508F
http://freepage.twoday.net/search?q=recession
http://freepage.twoday.net/search?q=Nouriel+Roubini
http://www.truthout.org/092508F
http://freepage.twoday.net/search?q=recession
http://freepage.twoday.net/search?q=Nouriel+Roubini
rudkla - 25. Sep, 23:23
