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Orwellian_Ghost (1000+ posts) Send PM | Profile | Ignore | Sat Mar-07-09 10:11 PM Original message |
The U.S. Financial System Is Effectively Insolvent - The BAILOUTS Won't Stop The Ship From Sinking |
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Nictuku (907 posts) Send PM | Profile | Ignore | Sat Mar-07-09 10:20 PM Response to Original message |
1. We are in big trouble |
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FreakinDJ (1000+ posts) Send PM | Profile | Ignore | Sat Mar-07-09 10:20 PM Response to Original message |
2. Will it is an "Opinion piece" but why do they call him "Dr Doom" |
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readmoreoften (1000+ posts) Send PM | Profile | Ignore | Sat Mar-07-09 10:26 PM Response to Reply #2 |
4. Because he predicted this crash for a long time and everyone "pooh pooh'd" him. |
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inna (1000+ posts) Send PM | Profile | Ignore | Sat Mar-07-09 11:01 PM Response to Reply #2 |
9. your question is answered here: |
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inna (1000+ posts) Send PM | Profile | Ignore | Sat Mar-07-09 11:04 PM Response to Reply #9 |
10. here's Roubini's commentary; note that he objects to being characterized as a "pessimist"... |
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roamer65 (1000+ posts) Send PM | Profile | Ignore | Sun Mar-08-09 06:42 PM Response to Reply #10 |
27. Roubini is a realist. |
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FreakinDJ (1000+ posts) Send PM | Profile | Ignore | Sat Mar-07-09 11:27 PM Response to Reply #9 |
12. Without being too cocky - so did a lot of folks at DU |
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peacetalksforall (1000+ posts) Send PM | Profile | Ignore | Sat Mar-07-09 10:24 PM Response to Original message |
3. Isn't Goldman-Sachs thee foremost connected firm to Cheney-Rumsfeld-Bush? |
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earth mom (1000+ posts) Send PM | Profile | Ignore | Sat Mar-07-09 10:50 PM Response to Original message |
5. Yikes! |
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inna (1000+ posts) Send PM | Profile | Ignore | Sat Mar-07-09 10:52 PM Response to Original message |
6. holy shit! rec #7 NT |
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girl gone mad (1000+ posts) Send PM | Profile | Ignore | Sat Mar-07-09 10:59 PM Response to Original message |
7. I'm glad someone else posted this. |
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TBF (1000+ posts) Send PM | Profile | Ignore | Sat Mar-07-09 11:00 PM Response to Original message |
8. K&R n/t |
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AllentownJake (1000+ posts) Send PM | Profile | Ignore | Sat Mar-07-09 11:07 PM Response to Original message |
11. More bad news coming other than what he said |
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FourScore (1000+ posts) Send PM | Profile | Ignore | Sun Mar-08-09 12:36 AM Response to Original message |
13. Roubini is brilliant. |
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Pavulon (1000+ posts) Send PM | Profile | Ignore | Sun Mar-08-09 12:38 AM Response to Original message |
14. Sky is falling..ack |
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gristy (1000+ posts) Send PM | Profile | Ignore | Sun Mar-08-09 12:50 AM Response to Original message |
15. 2nd derivative is falling sharply? |
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leftstreet (1000+ posts) Send PM | Profile | Ignore | Sun Mar-08-09 12:53 AM Response to Original message |
16. Check out this Deck Chair from the Titanic |
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anaxarchos (963 posts) Send PM | Profile | Ignore | Sun Mar-08-09 01:21 AM Response to Original message |
17. It's important because Roubini broke ranks... |
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roamer65 (1000+ posts) Send PM | Profile | Ignore | Sun Mar-08-09 06:38 PM Response to Reply #17 |
25. Delete. |
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inna (1000+ posts) Send PM | Profile | Ignore | Mon Mar-09-09 01:43 AM Response to Reply #17 |
29. here's one of my fave Roubini pics.... |
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anaxarchos (963 posts) Send PM | Profile | Ignore | Mon Mar-09-09 11:38 AM Response to Reply #29 |
32. I would be very frightened if someone in a Roubini mask... |
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inna (1000+ posts) Send PM | Profile | Ignore | Mon Mar-09-09 05:17 PM Response to Reply #32 |
35. are you serious?? |
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anaxarchos (963 posts) Send PM | Profile | Ignore | Mon Mar-09-09 10:20 PM Response to Reply #35 |
36. No... I'm not. |
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Greyhound (1000+ posts) Send PM | Profile | Ignore | Sun Mar-08-09 02:19 AM Response to Original message |
18. For the hundredth time, now is the time for bold action, nothing else will work. |
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CoffeeCat (1000+ posts) Send PM | Profile | Ignore | Sun Mar-08-09 06:29 AM Response to Original message |
19. My book! |
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TBF (1000+ posts) Send PM | Profile | Ignore | Sun Mar-08-09 09:48 AM Response to Reply #19 |
20. I guess if things get really bad you could always sell it - if there's anyone |
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No.23 (517 posts) Send PM | Profile | Ignore | Mon Mar-09-09 01:50 AM Response to Reply #19 |
30. The ship is sinking; we're on it; and, they're taking our money... |
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demodonkey (1000+ posts) Send PM | Profile | Ignore | Mon Mar-09-09 12:36 PM Response to Reply #19 |
34. My Grandmother bought that book; the $$ was to go to the Titanic survivors.... |
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Kolesar (1000+ posts) Send PM | Profile | Ignore | Sun Mar-08-09 12:39 PM Response to Original message |
21. If the Financial System is insolvent, then who must "eat the losses" at the time of reckoning? |
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Tierra_y_Libertad (1000+ posts) Send PM | Profile | Ignore | Sun Mar-08-09 12:46 PM Response to Reply #21 |
22. The bankers and politicians don't mind "Spreading the Poverty". |
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TBF (1000+ posts) Send PM | Profile | Ignore | Sun Mar-08-09 06:33 PM Response to Reply #22 |
24. In fact they're quite adept at spreading it far away from themselves. n/t |
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ljm2002 (1000+ posts) Send PM | Profile | Ignore | Mon Mar-09-09 12:11 PM Response to Reply #22 |
33. "Spreading the Poverty"... |
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slipslidingaway (1000+ posts) Send PM | Profile | Ignore | Sun Mar-08-09 12:53 PM Response to Original message |
23. K&R.... |
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roamer65 (1000+ posts) Send PM | Profile | Ignore | Sun Mar-08-09 06:40 PM Response to Original message |
26. JP Morgan Chase is the "13th" Federal Reserve district. District "M-13", basically. |
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DemocracyInaction (1000+ posts) Send PM | Profile | Ignore | Sun Mar-08-09 06:51 PM Response to Original message |
28. Two Things |
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inna (1000+ posts) Send PM | Profile | Ignore | Mon Mar-09-09 01:53 AM Response to Reply #28 |
31. "the "currency of default" |
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