Crisis on Wall Street: Roubini Predicts Another 20 Percent Stock Drop, Sale of Goldman, Morgan

All Financial crisis only Like Bank Commercial Bank,Investment Bank,Home and County Bank,Insurance Companies,Construction related to Property either resisdentila of commercial properties that all in crisis which had a very large percent in capital value in the Dow Jones.That few sector has very large effect and influence in the world entire market....If all of these component will crumble we might come back to l929 recession.....I hope not.....Do you believe in miracle....I do...How about the big boy in the financial world....They are in panic crying for now......Ask God.....to for give their mistake.......Greed....greed...greed......Who know they might be forgiven.............For them is too late but for me is not....God is full of mercy.......ask for mercy.......is the best than never.........that my advice.............

Tough Times are a coming...oh sorry, already here!

this is probably a dumb question. What happens to my loan now that Lehman Bros. is in bankruptcy?

oh and obama's fantastic economic plan would just completely revamp the world right?

The people responsible for this manufactured financial meltdown are the so called smart people with their multiple degrees from high priced colleges. This un-educated business owner is simply loving the meltdown since I earned all of my money the old fashion way, you know working hard and honest. Burn baby burn. Nice job republicans

terrylautt@sbcglobal.net how anyone can vote for any incumbent is more correct. Everyone who is in office currently CONGRESS has allowed this poor behavior to go on and on. It started years ago and no one rained in these people who have such poor morals.... VOTE OUT EVERY IMCUMBENT AND VOTE FOR ANYONE ELSE WHO IS OUT THERE FOR MORE THAN JUST BEING BOUGHT AND PAID FOR.....

Republican administration is a nice place for blame. What I remember most is a democratic congress pushing a stronger Fannie Mae and Freddie Mac while 75% of their spouses and significant others held responsible paying positions with these firms.

Interesting comments from all those English and Art majors blaming Bush for all this. Overpaid executives have been trying to prove their worth for decades and government has stood silently by, including many Democratic Presidents, while all these bubbles built up.

Who is this Roubini guy? Can he be taken seriously, or is some legend in his own mind? Pompous a$$ if you ask me...

Read another report that says that the European Central Bnaks are desperately pumping liquidity into the market. And then they wonder why prices are shooting through the roof. The days of the Dollar, the Euro and all other fiat currencies are numbered!!! Welcome back GOLD :) :)

To Terrylautt. What does President Bush have to do with the fall of Lehman Brothers or any other financial institution?? I swear people will blame the president if they wake up to a flat tire in the morning.

Correct me if I'm wrong but it was a Republican congress who handed Clinton the G-S to repeal to begin with. Don't go blaming this on one party or the other.

This is Drexel Burnham Lambert all over again.

terrylautt, why do you blame the republicans? It was Clinton that started the affordable housing thing. Why blame a party, or an organization of any type? Why don't you face facts and blame yourself? I mean I am part of it too, but not looking to blame someone. We got what we asked for... more spending with less revenue. We are asking both presidential candidates for the same and they are happy to deliver.

This is Drexel Burnham Lambert all over again.

Election of John Mccain is going to be an absolute disaster. He shows no grasp of economics . He does not even recognize the seriousness of the economic problem. Every two minutes he thumps his chest and proclaims ,look i am a war hero and i supported the surge in Iraq.. Mr. McCain you are not equipped to handle the economic war. For the sake of the country, i hope Mr. Obama deals with it. He at least grasps the seriousness of the economic problem and is trying to address it head on.

terrylautt, why do you blame the republicans? It was Clinton that started the affordable housing thing. Why blame a party, or an organization of any type? Why don't you face facts and blame yourself? I mean I am part of it too, but not looking to blame someone. We got what we asked for... more spending with less revenue. We are asking both presidential candidates for the same and they are happy to deliver.

The Clinton administration is to blame for the banking crisis IMO. They should have left the Investment banks and Comercial banks seperate. I know that the American dream of home ownership was a noble idea but lack luster loans since 1992 are what got us into this mess !!!!!!! This stuff took yrs to develop and to blam Bush is unwaranted !!!!!!

This guy Roubini has been very accurate. Although, even the meatheads in my gym saw the housing market blowup coming in 2005 when Wall St brain surgeons like Jim Cramer were telling people to buy the homebuilders because they were "land banks", LOL. I live in Fairfield County CT so I know hedge funds guys and money managers. I always had the impression they're not nearly as smart as they think they are. There's a tendency to confuse luck for brains in that business. Finally we get a reversion to the mean and these huge investment banks and financial firms get cut back down to an appropriate size. In the long run we really needed this.

RAF, When someone calls Roubini, who has been spot on in predicting various stages of this credit crisis, a pompous a$$, he needs to look in the mirror to know that it is probably he who is the empty vessel and the pompous a$$ and not Roubini. Good luck.