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Roubini says 'Nationalize the banks'

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posted on Feb, 22 2009 @ 05:17 PM
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Most of you know Roubini. He predicted this collapse years ago, and laid out the stages for each. Well now is saying the nationalization of the banks is needed.

Thoughts?




posted on Feb, 23 2009 @ 01:34 PM
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Looks like this is at least partially going to happen to many with the news that Citigroup will most likely be 40% govt owned.

Looks like this "40% govt ownership model" is what they are talking about going with. That or the short term nationalization to take bad assets off the books and place them on the tax payers balance sheet instead.

To me it looks like money just being thrown down a hole.....



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