Thursday, August 12, 2010

Roubini Gives Obama a Failing Grade

Here is an interview of Nouriel Roubini by the Economist magazine...

It is impressive the way Roubini ticks off the list of failings by the Obama administration. Everybody knows the Republicans created the mess with their wild ideology. The sad fact is that Obama pretends to be a reformer -- remember "Change you can believe in!" -- while in fact he has been tepid and with respect to the banks and financial regulation Obama has pretty well rolled over and let Wall Street and the big banks keep the old system, the system that blew up and will blow up again!

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