As always, good stuff here from Roubini:
Mr. Roche is the Founder and Chief Investment Officer of Discipline Funds.Discipline Funds is a low fee financial advisory firm with a focus on helping people be more disciplined with their finances.
He is also the author of Pragmatic Capitalism: What Every Investor Needs to Understand About Money and Finance, Understanding the Modern Monetary System and Understanding Modern Portfolio Construction.
J
THE HONOURABLE DR. ROUBINI,
IS COMPLETELY WRONG IN HIS ASSUMPTIONS NO ONE LISTEN TO HIM AS HE HAS NOT MADE MONEY ON BEHALF OF CLIENTS FOR SOME TIME
Onlooker
Wow, that IMF guy was useless. Wishy washy and clearly hesitant to criticize the Obama admins plans and actions.
Clearly the desire is VERY strong for all kinds of political reasons to let the banks earn their way out of this and not make the bondholders take a haircut. We’re funneling money in so many ways to these banks with the taxpayer backstopping it all. What a boondoggle.