Saturday, August 21, 2010

Nouriel Roubini : The Treasury plan is a disgrace

Nouriel Roubini :"The Treasury plan is a disgrace: a bailout of reckless bankers, lenders and investors that provides little direct debt relief to borrowers and financially stressed households and that will come at a very high cost to the US taxpayer. And the plan does nothing to resolve the severe stress in money markets and interbank markets that are now close to a systemic meltdown. -"

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