Saturday, February 14, 2009

Nouriel Roubini: Only Way To Save US Banking System Is To Nationalize It


How can the US Government hope to cover the Banking System's trillions upon trillions upon trillions of dollars in toxic assets at a few measly hundred billion at a time? Let's get serious here.



If President Obama's economic team wants to pull a Slim Pickens and "yippy-ay-aay" its way to a complete world financial meltdown riding Milton Friedman's warhead of failed economic policy then they need to be replaced.



Nationalize the Banks and lets stop pretending we can resurrect the dead.
About Federal Reserve
Read the Article at HuffingtonPost

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