Sharing this Forbes interview with Nouriel Roubini:
RoubiniHe is my current guru.
I noted two things that seemed new to me.
First, that the he seriously questions some of the IMF loans to countries with unstable economies. This appears to be more than the usual warning.
Second, that he worries that one of the likely side effects of federally guaranteeing the leveraged sale of questionable assets... a main Geithner plan basic... will likely end up with trading of bad assets in order to transfer the risk directly to the government. Given the recent history of tacit collusion, My guess is that this is not only a possibility, but a foregone conclusion.
Unless and until banking is temporarily taken out of the hands of the existing management, I don't think that we'll even see another dead cat bounce.
