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To: 1010RD
I saw the writing on the wall as did thousands of other well informed people. Why does Roubini have gravitas?

Sure. We all saw it coming didn't we?

Last summer we were overrun with predictions of disaster in September. Right.

Thankfully, this site has a search function and it's possible to distinguish the Monday morning quarterbacks from those who really saw it coming.

Roubini predicted over $1 trillion in losses for banks and he was laughed at. Turns out he was on the low side with that estimate. Whatever Roubini's political leanings, he sure saw through the mist better than Bernanke, Paulson and Bush.

13 posted on 02/24/2009 2:22:24 PM PST by marshmallow ("A country which kills its own children has no future"- Mother Teresa of Calcutta)
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To: marshmallow
It was obvious in 2006 when people were buying $230,000 worth of condo for $290,000 and banks were clamoring for the business.

Call me when Roubini calls the bottom and I will be impressed. Don't you wonder why the liberal media love pessimists? They call them realists, but then report on socialist policies as realistic as well. Get the picture?

They hate capitalism, the free market and individual liberty.

Ironic that you focus on Bernanke, Paulson and Bush (who all share some blame), but ignore the Democratically controlled Congresses and Democratic Presidents who created the debacle.

Marshmallow, you are aptly named.

14 posted on 02/24/2009 2:32:29 PM PST by 1010RD (First Do No Harm)
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