Nouriel Roubini explains the Bear Stearns fiasco in this opinion "A Generalized Run on the Shadow Financial System".
Amen, sir. No corporate welfare for douche incompetent fiscally moronic investment bankers!
Roubini's recommended policy is excellent "If a bail out should occur this is a fiscal policy action that should be decided by Congress after the relevant equity holders have been wiped out & senior management fired without golden parachutes and huge severance packages"
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