Tuesday, March 31, 2009

Roubini’s Latest…

He is too bullish about Geithner’s plan and the “stress test.” The stress test will not find or reveal the truth which is that the largest banks are holding and hiding trillions in derivatives that are many times their net worth. Goldman is going with the angle that they can handle any amount of leverage… good luck with that one, they’ll need it.

Roubini - CNBC (13 minutes)