Nouriel Roubini, a professor of economics at the Stern School of Business at New York University, has been both pessimistic and prescient about the gathering credit problems. In a new report, Mr. Roubini estimates that total losses on loans by American financial firms and the fall in the market value of the assets they hold will reach $3.6 trillion, up from his previous estimate of $2 trillion.Solvency of Big Banks Is Questioned - DealBook Blog - NYTimes.com
Friday, February 13, 2009
Solvency of Big Banks Is Questioned - DealBook Blog - NYTimes.com
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