Roubini: Why Bill Gross Is Wrong and I'm Right About Nationalizing Banks

I'm going to buy GE at $5.00.

Roubini needs to get a life! he reminds of a " ArmChair General " never seeing actual battle himself but always sending others out to die for him! What a coward!

But look at AIG - Where do the problems end? The problem I see that Citi and BofA are like a sticky paper stuck to the bottom of your shoe. You try to get it off with your other shoe and it just sticks to that shoe and you can't get rid of it unless you reach down and take it off but then it sticks to your hand and when you get rid of it your hands are still sticky until you wash yourself of all evidence of the sticky paper and you go through great effort to rid yourself of it. When would the U.S. government be rid of these sticky banks? Six months? Six years? Ever?

Ha ha, two drunk people trying to hold each other up. Great analogy! Another good point, many of these banks are already partially nationalized, we're just kidding ourselves. What a mess.

Of course Bill Gross is going to say these things, as he stands to lose a lot as his company is a major bond and preferred holder in these institutions. He would rather have the US taxpayers foot the losses.

Will the government run the banks 'More Efficiently' than the private companies?

Bill Gross should be considered part of the problem with our banking system, not part of the solution. If Bill Gross was so smart why didn't he predict the collapse. We shouldn't keep listening to the same idiocracy that got us in this mess. Shame on you Bill Gross go crawl away and die somewhere. The US shows just how stupid they really are by listening to him. What a loser.

It's possible to nationalise banks, wipe out equity shareholders and protect bondholders. Collateral damage should certainly be the criterion for deciding the fate of bond holders.

To remain private the two Banks.....Citygroup and Bank of America..........Please put private capital at around $ 200 Billion Dollars to fund the massive losses from operation...... Any Investor money, from private source, please put on the Table.... If no private funding the alternative is Nationalozation of the Banks os on the cards.......... Put your private funding around $ 200 Billion Only at the moment.... If none of it ..Shut your mouth........

Roubini is correct as long as there is no rescue from private funding of the Banks......the Answer is Nationalization......... Put the money on the table........

There is a place for capitalism and a place for socialism, and there is a place for both on a limited scale working together in the same society.

Bill Gross did predict Dow 5000 3 or 4 years ago.

OK, I am tired of complaining! WHOEVER is in charge of the DOW graphs on the Yahoo finance page needs to be FIRED!!!!!! I cannot believe it is that hard to keep them straight? Are these morons comming to work drunk? PLEASE!!!!!!! FIX YOUR CHARTS!!!!!!!!

OK, I am tired of complaining! WHOEVER is in charge of the DOW graphs on the Yahoo finance page needs to be FIRED!!!!!! I cannot believe it is that hard to keep them straight? Are these morons comming to work drunk? PLEASE!!!!!!! FIX YOUR CHARTS!!!!!!!!

sting them some more. soon i will have all your money.

You all are missing the point, the markets will never recover as long as we bailout the banks responsible for the collapse....it sends the wrong signal to investors (no accountability, no transperancy, no certainty that management and/or practices will differ) Bottom line: These banks have already died, we just wont recognize it. They stopped breathing long ago. The only question is how long it will take for the Government to do the right thing and take them over for the sake of the economy. Of course, shareholder value will be lost, but that what happens when a bank destroys itself thru bad risks and mismanagement. After this happens, people will have confidence again, since the market will have corrected itself, thru the death of the banks and insurance companies that led to crisis. No one wants to do because of the consequences, but its the consequences that are needed to turn the page and signal of some finality to the process. You ideologues need to suck it up: Take the pain. Realize what caused it. Dont make the same mistakes. If you dont want the govt to take over banks, dont put yourself in a position where it can be discussed as a possibility. Dont mismanagement, avoid regulation, and take unreasonably risky adventures.

OK, I am tired of complaining! WHOEVER is in charge of the DOW graphs on the Yahoo finance page needs to be FIRED!!!!!! I cannot believe it is that hard to keep them straight? Are these morons comming to work drunk? PLEASE!!!!!!! FIX YOUR CHARTS!!!!!!!!

Let us all give huge props to Aaron Task for asking the obvious question: What does Bill Gross have to lose in this situation? (Was it just me or did Blodgett pee his pants at this point!?) Aaron Task, if you're reading this, see if you can't get yourself assigned to the White House press corps. Ask those morons some real financial and econ questions because those guys don't have a clue. (Neither, apparently, does the administration.)

Nationalization = Comunism. Please think about it.

Is it against the law to yell "Ponziiiiiiiiiiiiiiiii" in an overcrowded market?