Friday, February 13, 2009

Roubini Warns US Banking System Effectively Insolvent

Losses in the US financial system may reach $3.6 trillion before the credit crisis is over, suggesting the country's banks are "effectively insolvent", according to the man who predicted the current economic meltdown.Who's going to be next; Bank of America, Wells Fargo?It is going to get a lot worse.....

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