Roubini on the Banking Crisis Solution

Dear Friends,

Roubini discusses potential solutions for the US Banking Crisis on 29th January 2009. He is for Bank Nationalization as a solution.

He also says that "You cannot just throw money and spend money on the problem. These problems are fixed in the financial system. Fixing these problems take years. When there is a banking crisis, the credit crunch and contraction usually last 3 or 4 years. The market is expecting an easy solution or easy fix. These things take time. Even if you have the best team, the best policies, it's going to take years to fix this problem."

Best wishes,

Ooi