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Private gains & public losses do have 2 go. It's Y bailouts don't work &come at very high cost 2 taxpayer
economonitor.com/nouriel/2008/09/28/is-purchasing...e-shareholders-and-unsecured-creditors-of-banks/
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Nouriel Roubini in 2008 - Is Purchasing $700 billion of Toxic Assets the Best Way to Recapitalize the Financial System
@Bakers_Mark_ Private gains & public losses do have 2 go. It's Y bailouts don't work &come at very high cost 2 taxpayer http://t.co/gwk64ert