Roubini: Worst Recession in 40 Years - P1

. The U.S. government needs to buy bank equity and force lenders to eliminate dividends to double-click to save it from bankruptcy, Roubini has. Treasury Secretary Henry Paulson said today he intends to use 250 billion U.S. dollars of taxpayers' money to threaten the equity in thousands of financial firms to purchase a credit crunch that the companies go into bankruptcy and eliminate jobs in its tracks. `` This is the first round of recapitalization of banks,''Roubini said. `` The government has ...



http://www.youtube.com/watch?v=1q5hWbVE_DM&hl=en