Nouriel Roubini (9 Sep 08) on Fannie Mae and Freddie Mac. "40% of all mortgage debtors will be underwater at the end of 2009"
I am aligned with Roubini. I have posted him several times. Bull or Bear, you should listen to his points and make adjustments as necessary.
Charlie Rose with a discussion about the U.S. government's takeover of mortgage giants Fannie Mae and Freddie Mac with Mohamed El-Erian, co-CEO co-CIO for PIMCO, Gretchen Morgenson, Floyd Norris both of The New York Times and Nouriel Roubini of New York University
Roubini speaks at 5:00, 07:00, 13:00, 21:00, 23:36, 25:13
Watch the video here:
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Watch the complete video.Transcripts are here:
Hat tip to Gary North for the find.