Roubini: U.S. Banking System Insolvent, Another $2.5T of Losses Coming

Seriously people, it's time you stop buying into this crap. The financial industry failed because of oil prices, interest rates, and adjustable mortgages. No one could afford to pay his/her mortgage bill, because the payment was higher as it entered it's adjustable phases, and the cash they used to allocate for expenses was cut into by gas prices. Guess what? The Feds lowered the rates, and the oil prices plummeted on weak demand. The worst is behind us, unless you decide to vote Jeb Bush into office in 2012. Don't believe anything that anyone has told you. We are all going to be fine. The sky is not falling. Buy into the market, and you'll double your money in 5 years.

The bailouts are all a rigged wall street scheme and the common person will suffer even more when more of medicare is taken away and soc. sec. is targeted as the 'problem'. The wall street bailouts with no REFORM is a complete slap in the face to the poor or righteous. Taxpayer money supporting a rigged and corrupt system is total 'KING AND HIS COURT'. Stopping the crash meant stoppin REFORM. America is one big lie and scheme after scheme.

Ok Let's see here...Bank of America bought up CountryWide's nasty loans ...Bank of America/CountryWide involved in nasty lawsuit saying they had to make these mortgages right with the people they gave loans to...The Fed's gave Bank of America Billions of dollars for restructure...Bank of America still falling down the tubes...No loans that they purchased from CountryWide has been modified.. Feds give Bank of America more money to stop foreclosures...still no loans have been modified... Bank of America back again with hand held out for more of America's tax money...but you better not be late on your mortgage payment even though our taxes is what is keeping them afloat. Now Obama is releasing the balance of the TARP funds Bank of America to get more of our money without helping to stop the Court Ordered Lawsuit of Foreclosures....Hmmmm What's wrong with this picture?

Zimbabwe-like hyperinflation will do the trick. Dump yr $$$$$$'s

roubini is right on. this man knows what he is talking about, he would not be where he is if he new nothing.this guy sleeps economics. no one else tells it like it is.

this cvould be seen from the derivative positions as documented by the Bank for International Settlements a few years ago. The banks went crzy thinking that they could pile on paper derivative positions forever.

Bank of America paid out around 4 billion in bonuses with the bail out money, no wonder why these banks and wall street is doing so bad. Don't worry, once they waste all the bail out money, they'll come back for more and Obama will give to them. Capitalized profits, privatized losses! yay Obama and Bush! Oh and get ready for the major trillions lost in the derivatives market! which is now around 500 trillion total.

Most regional and local banks and credit unions are solvent and stable despite the heavy drag a few large banks are putting on them. Do your business with local banks and let the big ones fail. It may be painful for awhile, but throwing money at these big banks is a total waste of our money and will ultimately be more painful in terms of inflation and deficits. The lesson learned is more valuable than trying to save them. They are already too far gone.

My God! How idiotic the Bush bashers on here are! This crisis didn't happen in the last couple of years,it has been building for a couple of decades. The whole world is in a recession,man that Bush was a powerful man to take down the whole world's economy all by himself! And you people are allowed to vote!

Only an idiot could not see the writing on the wall. I guess the greed blinded us all and we all became idiots. Idiots who bought house we never could afford. Idiots who made us believe we could afford them (real estate and mortgage brokers) and idiots who gave the loans. The result is our collective doing and we and our future genrations will pay a heavy price for this. The only silver lining is the lesson we learnt (hopefully).

Ban short selling. The banks are being shorted, that's all that's going on.

Obama to the rescue. I put my faith in the Messiah!

Johnny Ike is a whining biatch

This is by far the largest transfer of wealth in the history of mankind from the taxpayers to the 0.01 percent of the American 'ruling class'. It solidifies their control of world capital; ergo world governments and military power. Does Rothchild ring a bell? And we are powerless to stop it.........

Moved on may have quit drinking but he still has the personality traits of an alcoholic.. bitter and cynical.. don't you have anything intelligent to say? ----- BLOW ME!

Let the banks fail, let the homes forclose, make the US government only spend what it has. All else is insanity and sure to fail.

The Community Reinvestment Act created by Democrats to bring housing to everyone drawing a breath has destroyed the world economy. Democratic Congressman refused to correct the problem when it was pointed out to them. Barney Frank, Chris Dodd, Nancy Pelosi and Harry Reid should all be publicly lynched on HDTV.

I think the misidentification of who is to blame and then finger pointing, aside from the facts of how we got here - does everyone a great injustice. The truth is out there. There were warnings. Now, if we know borrowed money got us into trouble in the Great Depression - how is it we let this happen again? Those who fail to learn from the lessons of History are destined to relive it.

Good riddance to the system.. Blank stares and sad faces. I must tell you this is blasphemy. Or is the prophecy upon us

BOA (snakes) ....a large predator that squeezes the life from it's prey before it consumes it whole. Who's the CONSUMER now?