Tuesday, September 16, 2008

Nouriel Roubini

Roubini has been right from the beginning, that most of these commercial/investment banks have become insolvent, in the wake of Lehman Bros collapse.

Key talking points:

1) Real market value for the distressed credit instruments are likely to hold only 5 cents on the dollar.

2) Excessive leverage applied, hence the now crisis.

0 Reflections: