40 Years In The Deserr: Roubini Calls for Massive Cramdowns on Mortgates

Wednesday, March 11, 2009

He's actually rather optimistic, for him anyway, in this vid.

At about 5:45 is where he talks about mandatory restructuring of home principal.

Matthew Saroff, Mechanical Engineer, Owings Mills, Maryland, US
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A member of the Democratic wing of the Democratic party, and a fan of Bernie who thinks Neoliberal (DLC/New Dem) trickle down conomics sucks.

Mechanical Engineer with a background in defense, electronics packaging, medical & food equipment, transportation, and manufacturing.

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I am a Jew and a Zionist, who is married to a woman with exquisitely bad taste in men, and I have two remarkable children with her.