Wednesday, October 3, 2012

ROUBINI: The U.S. Banking System Is Worse Off Than Ever

"Another massive financial crisis is what's needed to break up the big banks, which are facing a problem that has not gone away, Nouriel Roubini said on "Bloomberg Surveillance" this morning.

Appearing with Ian Bremmer, president of the Eurasia group, Roubini said that the banks that were too big to fail before the financial crisis, are even bigger and more problematic now due to mass consolidation..."

at http://www.businessinsider.com/roubini-says-break-up-the-banks-2012-10#ixzz28GWTJbjq

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