Nouriel Roubini Interview about banks (29.01.2009)

[williamkendrick]

anyone calling this man stupid doens't know shit about economics.

[Izakokomarixyz]

Nouriel Roubini is officially stupid as of march 31 2009 that fucking traitor...

[tchiasson10]

Why isn't Nouriel Roubini part of OBAMA's ECONOMIC TEAM!?!?!!

Nouriel was one of the only one's that predicted how bad things would be back in 2006!!

The future of the US and World economy needs people like Nouriel and Nassim Nicholas Taleb in the white House!!!

[viewerize]

Just because they have more media coverage doesn't mean they are the only people who know what is going on and how to best solve the issues.

Like what Nassim had said in Black Swan, we take things we know too seriously. Nouriel was not the only economist who saw the asset bubble. And further more, no one, if he/she is human, can predict anything with absolute certainty. Human, atm, experiences asymmetric information between present and future.

[tchiasson10]

Good point. Nevertheless, you would think a guy like Roubini would be a valuable asset to the white house during this time period. Maybe even just as a consultant or temporary basis. In hindsight the economy could've been a lot worse by now, so in my opinion, the Obama Economic team are doing a good job so far.

[pietpaardeboer]

What does he say at 0;27. Another 3 of...... of money

[Krisenmanager]

... Another trillion dollar of capital of government money...

[pietpaardeboer]

Thank you very much. I'm translating it for school you see ;)

[mongobobo]

Or how about the government setting up a clearing house for all of those dangerous derivatives that would cause a global fiancial collapse. The clearing house would 'net out' all of those derivatives and if Citibank failed despite that, tough luck. At least the derivatives wouldn't destroy the whole system.

[mongobobo]

Why can't the good banks, i.e. thousands of regional banks, with federal help purchase the 'good' assests from the big failures and let them be the new 'financial' system?

[mailer666]

Why doesn't he mention the federal reserve, usury, and the practice of fractional reserve banking in the first place?

hmm...

[Nickalispicalis]

I wish Barack would listen people like this, instead of people who caused the problem.

[Benjefwil]

@Nickalispicalis Well if we vote for people who surround themselves with real experts like this then maybe your dream could come true.

[madhuradi]

Half truth! he is not considering the losses about to be incurred from exotic derivatives.

According to roubini's model these derivatives are valued on case basis with regression models with extreme considered 2SD [standard deviation]95% . but most derivatives are virtually worthless and nobody knows exactly how much exist and on what terms.

so Mr roubini is one more joker who is putting a number out of nowhere.1->3.5 trillion is hyperinflation in prediction over 3 months. beware!crooks on tv!

[8114me]

The truth.

[thankfulthesedays]

Roubini continues to be a calm voice of truth in this hour.

He calls out the greed and arrogance issues of Wall Street and the impact on the world economy.