Friday, March 27, 2009

Roubini Says Stocks Will Drop as Banks Go ‘Belly Up’

“The stock market is a bit ahead of the real macroeconomic and financial news,” Roubini, a professor at NYU’s Stern School of Business and the chairman of consulting firm Roubini Global Economics, said in an interview with Bloomberg Television in London today. “We’ll have some major banks going belly up that will need to be taken over.”

http://www.bloomberg.com/apps/news?pid=20601087&sid=aUzSQ01UhV6s&refer=home

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