Complete video at: fora.tv NYU economics professor Nouriel Roubini warns the United States economy can’t handle another financial crisis, which he says is avoidable with the right regulations in place. “The last three US recessions have been caused by asset bubbles going wrong,” says Roubini. “There is a pattern here.” —– Experience talks, conversations and readings from the 92nd Street Y’s vast archive, featuring Nobel Laureates and world leaders, giants of literature and science, legendary entertainers and artists, and the fascinating people who have graced the Y’s stage over the last 75 years. Nouriel Roubini, a professor of economics at New York University’s Stern School of Business, has now written a myth-shattering book about the methods he used to foretell the crisis before other economists saw it coming, entitled Crisis Eco-nomics: A Crash Course in the Future of Finance. Nouriel Roubini served in the White House and the United States Treasury Department. He is the founder and chairman of RGE Monitor, an economic and financial consulting firm, and is an advisor of central bankers around the world. He was named one of the Top 100 Public Intellectuals in the world in 2008 by Foreign Policy magazine, and Fortune magazine has singled him out as one of the market experts who predicted this severe financial crisis.
A brief and simple explanation of why this crisis was doomed to happen given by someone who, in 1999, wrote “the possible Big Bang that scares me the most is the one that could happen the day those genius bank regulators in Basel, playing Gods, manage to introduce a systemic error in the financial system” and then who, while an Executive Director of the World Bank, 2002-2004, did all he could to warn about the utterly faulty regulatory paradigm that had been adopted by Basel… all to no avail. You can find much more here: www.subprimeregulations.blogspot.com financefordevelopment.blogspot.com baselcommittee.blogspot.com www.theaaa-bomb.blogspot.com
Cenk Uygur (host of The Young Turks) filling in for Dylan Ratigan on MSNBC talks to Robert Scheer (author of The Great American Stick Up) about President Obama’s remarks at a fundraiser in hedge fund country where he mocked derivatives reform and suggested he deserved more credit for the passed financial reform bill. www.truthdig.com
May 21 (Bloomberg) — Gary Townsend, president and co-founder of Hill-Townsend Capital LLC, talks with Bloomberg Television about legislation overhauling the financial regulatory system. (This report is an excerpt. Source: Bloomberg)
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President Obama, along with Vice President Biden, welcomes House and Senate leaders from both parties to the White House to discuss financial regulatory reform. April 14, 2010.
