A discussion about the U.S. government’s takeover of mortgage giants Fannie Mae (FNM) and Freddie Mac (FRE) 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
Check out this video. It is just a fantastic conversation
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2 replies on “Nouriel Roubini / Mohamed El-Erian Talk About Fannie / Freddie (video)”
Scary.
Dr. Doom
NY Times, 08/15/2008
Back on September 7, 2006 Nouriel Roubini stated at the IMF,
“.. the United States was likely to face a once-in-a-lifetime housing bust, an oil shock, sharply declining consumer confidence and, ultimately, a deep recession.”
I may have to pay closer attention to this guy.