Charlie Rose: Floyd Norris, Mohamed El-Erian, Gretchen Morgenson, Nouriel Roubini

Wednesday, September 10, 2008 | 03:30 AM

Nice discussion via Charlie Rose: Floyd Norris, Mohamed El-Erian, Gretchen Morgenson, Nouriel Roubini discuss the world's biggest bailout: Fanny Mae and Freddie Mac

 

Hat tip, Paul!

Wednesday, September 10, 2008 | 03:30 AM | Permalink | Comments (28) | TrackBack (0)
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Nouriel Roubini's argument is the one most plausible and all the other guests arguments supported the status quo. The system needs to be allowed to fail; it is the only way that things will get washed out systemically. Once cleansed, we can build anew!

But what will happen is support after, support, after support, and in the end we will get the same result failure of the entire world economies. SO LET IT HAPPEN PEOPLE...THE SOONER THE BETTER.

Posted by: Concerned Citizen | Sep 10, 2008 4:29:15 AM

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