Hundreds of banks will fail, Roubini tells Barron's | WHAT REALLY HAPPENED


Hundreds of banks will fail, Roubini tells Barron's

The United States is in the second inning of a recession that will last for at least 18 months and help kill off hundreds of banks, influential economist and New York University Professor Nouriel Roubini told Barron's in Sunday's edition.

Taxpayers will pay a big price for helping bail out the rest of the financial services industry as well, Roubini said -- at least $1 trillion and more likely $2 trillion.

Webmaster's Commentary: 

Bend over and lube it up; that's the patriotic thing to do!

Meanwhile, check out this blast from the past and don't say I didn't warn you!

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