Tuesday, September 9, 2008

Nouriel Roubini will be on CNBC tomorrow from 7 to 9 AM

The financials could get hit tomorrow morning, especially with the meltdown we had today. He'll shake things up in the morning. Look what he had to say about the Government bailout of FNM and FRE:

"Like scores of evangelists and hypocrites and moralists who spew and praise family values and pretend to be holier than thou and are then regularly caught cheating or cross dressing or found to be perverts these Bush hypocrites who spewed for years the glory of unfettered wild west laissez faire jungle capitalism (and never believed in any sensible and appropriate regulation and supervision of financial markets) allowed the biggest debt bubble ever to fester without any control, have caused the biggest financial crisis since the Great Depression and are now forced to perform the biggest government intervention and nationalizations in the recent history of humanity, all for the benefit of the rich and the well connected. So Comrades Bush and Paulson and Bernanke will rightly pass to the history books as a troika of Bolsheviks who turned the USA into the USSRA."
And Wednesday morning I will be the lead guest – for two hours from 7am to 9am – on CNBC’s Squawk Box. I will discuss with a number of other speakers the US and global economy, financial markets, the state of the banking system and the GSEs bailout.

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