Thursday, August 19, 2010

Nouriel Roubini on The subprime crisis

Nouriel Roubini : "Reckless people have deluded themselves that this was a subprime crisis. But we have problems with credit-card debt, student-loan debt, auto loans, commercial real estate loans, home-equity loans, corporate debt and loans that financed leveraged buyouts… We have a subprime financial system, not a subprime mortgage market."

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