On the Way to Socialism? The Guardian: Twenty-five people at the heart of the meltdown
Tuesday, January 27th, 2009In a previous post I drew attention to some people exposed by the present financial and economic crisis.
An article in the Guardian discusses 25 people (politicians, bankers, economists, etc.) responsible for or warning against the present meltdown. Alan Greenspan heads the list of the culprits, George Soros and Nouriel Roubini are among the warners.
See the full article here.
Here is what the article says about Roubini (bold by me):
Professor Nouriel Roubini¨Described by the New York Times as Dr Doom, the economist from New York University was warning that financial crisis was on the way in 2006, when he told economists at the IMF that the US would face a once-in-a-lifetime housing bust, oil shock and a deep recession.
He remains a pessimist. He predicted last week that losses in the US financial system could hit $3.6tn before the credit crunch ends - which, he said, means the entire US banking system is in effect bankrupt. After last year’s bail-outs and nationalisations, he famously described George Bush, Henry Paulson and Ben Bernanke as “a troika of Bolsheviks who turned the USA into the United Socialist State Republic of America”.