Tuesday, July 17, 2012

2013 `Storm' May Surpass 2008 Crisis - Roubini

Euro collapse + US double-dip + China hard-landing = Perfect Storm

"The incentives of the banks is still to cheat and do things that are either illegal or immoral. Nobody has gone to jail since the financial crisis. The banks, they do things that are illegal and at best they slap on them a fine. If some people end up in jail, maybe that will teach a lesson to somebody. Or somebody hanging in the streets."

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