Roubini On 2013's "Global Perfect Storm" And Greedy Bankers "Hanging In The Streets" - Nobel Prize winning economist

Submitted by Quest-News-Serv... on Mon, 07/09/2012 - 17:22.

"bankers are greedy and have been for 1000 years" and "nothing is going to change" unless there are criminal sanctions; to which he follows up - briefly silencing the interviewer, "If some people end up in jail, maybe that will teach a lesson to somebody - or somebody will hang in the streets" Italian and Spanish spreads will continue to blow out day after day - leading to a crisis "not in six months but in two weeks" Nothing has changed since the financial crisis. The incentives of the banks is to cheat - doing things that are either illegal or immoral. The only way to avoid that is to break up these financial supermarkets. There are no chinese walls and massive conflicts of interest.

http://www.zerohedge.com/news/roubini-2013s-global-perfect-storm-and-gre...

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