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Saturday, July 12, 2008

Roubini: bailing out government mortgage lenders could downgrade the USA's national credit rating

If we fiscalize all of these losses the U.S. may fast lose its AAA sovereign debt rating and eventually end up like an insolvent banana republic.

Nouriel Roubini, quoted in Mish's.

1 comment:

Wolfie said...

Would you mind creating an account at bloghounds please?