Sunday, October 21, 2012

ROUBINI: The U.S. Banking System Is Worse Off Than Ever

Nouriel Roubini : "The only solution to to break up too big to fail banks. There is no other alternative. We have to go back to Glass-Steagall. I would have thought after the worst global financial crisis in a generation, the decision would have been made. Maybe we need another big financial crisis. For the time being, the politics will not lead us there."

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