Solvency of Big Banks is questioned

Discussion in 'ETFs' started by ETFDesk, Feb 17, 2009.

  1. ETFDesk


    Yikes, "Nouriel Roubini, a professor of economics at the Stern School of Business at New York University, has been both pessimistic and prescient about the gathering credit problems. In a new report, Mr. Roubini estimates that total losses on loans by American financial firms and the fall in the market value of the assets they hold will reach $3.6 trillion, up from his previous estimate of $2 trillion."

    Great Article here