Tuesday, September 9, 2008

You Probably Never Heard of This Guy

Nouriel Roubini, but he's often cited by right and left alike as the ultimate authority on the economy.
His take on Fannie and Freddie:
So now Comrades Bush, Paulson and Bernanke (as originally nicknamed by Willem Buiter) have now turned the USA into the USSRA (the United Socialist State Republic of America). Socialism is indeed alive and well in America; but this is socialism for the rich, the well connected and Wall Street. A socialism where profits are privatized and losses are socialized with the US tax-payer being charged the bill of $300 billion.

He was also on Charlie Rose last night, although I missed it. The re-run is at 5 p.m. today on Channel 9 in Seattle. Probably a podcast of it out there, too. I've never seen him.

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