Monday, Feb 09, 2009
Where to now?
FT.com: Roubini: Anglo-Saxon model has failed
He also criticised the US and UK approach to bank bail-outs, comparing it with attempts by Japan in the 1990s to solve its banking crisis. “The current US and UK approach may end up looking like the zombie banks of Japan that were never properly restructured and ended up perpetuating the credit crunch and credit freeze,” he said.
Posted by v stor @ 05:51 PM (303 views) Add Comment
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