Roubini Says U.S. Banks Insolvent, Will Have to be Nationalized

[jose v]

Roubini Says U.S. Banks Insolvent, Will Have to be Nationalized

By Louisa Nesbitt

Jan. 29 (Bloomberg) -- The majority of U.S. banks are insolvent and should be nationalized, Nouriel Roubini, a professor at New York University said in a Bloomberg television interview in Davos, Switzerland today.

Last Updated: January 29, 2009 05:12 EST

http://pages.stern.nyu.edu/~nroubini/

http://www.bloomberg.com/apps/news?pid=newsarchive&sid=aNFh54q9jMdU

[..... (RaInBoW wArRiOr) ......]

it's getting worse ..