tikkertape runnin....
i been watchin NOURIEL ROUBINI who be da man onna BUST....
peterthepainter : grizzlybear a bottom right?
nouriel : no! the entire financial system is facing DISASTER and it's going to get worse.
peterthepainter : yeh but phony an fraudy, lemmin an merrilmerge an ?AIG? be da end right?
nouriel : no! all the broker dealers will go.
peterthepainter : notta morgstan tho, not goldysack, no way man!
nouriel : yes! they may have to merge. their(the broker/dealers) entire business model is fundamentally flawed at this point!
peterthepainter : so it not jus sub-prime en?
nouriel : no! it's sub-prime, prime, home equity, credit card, auto loans, student loans, leverage loans, muni bonds.....
peterthepainter : IT THE DEBT STUPID! innit! (no not you man!)
nouriel : If Lehman collapses expect a run on all of the other broker dealers and the collapse of the shadow banking system
to be continued....
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