Nouriel Roubini on Bloomberg T.V.

By on July 15, 2008

In this video Nouriel Roubini, NY University Economics Professor, who has been negative on the economy for at least a year, gives his recent views. Roubini said the bailout of Fannie Mae and Freddie Mac was flawed, “privatizing the gains and socializing the losses.” He also believes this will be the worst financial crisis since the Great Depression and the stock market can fall 40% from the peak. He says the coming economic recession will cause commodities including oil prices to decline sharply.

Video: -> http://media2.bloomberg.com/cache/vrIG4cHtP.HQ.asf

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