US markets plummet as banks falter and world slump deepens
New York University Professor Nouriel Roubini yesterday estimated that US financial losses may total $3.6 trillion. "If that is true, it means the US banking system is effectively insolvent because it starts with capital of $1.4 trillion," he said. "This is a systemic banking crisis."
http://www.wsws.org/articles/2009/jan2009/econ-j21.shtml
From Information Clearing House
http://freepage.twoday.net/search?q=banking+crisis
http://freepage.twoday.net/search?q=Nouriel+Roubini
http://www.wsws.org/articles/2009/jan2009/econ-j21.shtml
From Information Clearing House
http://freepage.twoday.net/search?q=banking+crisis
http://freepage.twoday.net/search?q=Nouriel+Roubini
rudkla - 22. Jan, 06:10
