Reckless people have deluded themselves that this was a subprime crisis. But we have problems with credit-card debt, student-loan debt, auto loans, commercial real estate loans, home-equity loans, corporate debt and loans that financed leveraged buyouts... We have a subprime financial system, not a subprime mortgage market.
Quoted in Stephen Mihm, "Dr. Doom," The New York Times (2008-08-15)
I think globalization actually maintains and fosters various elements of national and cultural identities. I don’t think everything is being homogenized. If anything, your food, your culture, and your ethnicity might become part of the globalized world, and thus absorbed by other countries.Nouriel Roubini
Our biggest financiers are China, Russia and the gulf states. These are rivals, not allies.Nouriel Roubini
The Treasury plan is a disgrace: a bailout of reckless bankers, lenders and investors that provides little direct debt relief to borrowers and financially stressed households and that will come at a very high cost to the US taxpayer. And the plan does nothing to resolve the severe stress in money markets and interbank markets that are now close to a systemic meltdown.Nouriel Roubini
(During the Italian crisis, about the proposal of replacing Silvio Berlusconi with Angelino Alfano, as the new Prime Minister of Italy ) Replacing Berlusconi with one of his servile lackeys is unacceptable. Italy needs a credible government run by a respected & competent leader (2011-11-08Nouriel Roubini