zombie system or nationalization? Nouriel Roubini keynote speach

  Highlights of Nouriel Roubini's keynote speach about the "long and dark night": - The recession will take approximately 24 months  - The recession started started dec. 2007 - so we are now in the 16th month of it - Total losses for loans & securities originated by US Financial institutions may total $4 trillion - It will take twice as long as the previous recession and end at earliest end of 2009 - The financial system, in aggregate, appears insolvent  ...