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IPFS News Link • Federal Reserve

Roubini Says a ‘Sovereign Bank May Crack’ as Crisis Worsens

02-19-2009 • Bloomberg.com

“The process of socializing the private losses from this crisis has already moved many of the liabilities of the private sector onto the books of the sovereign,” said Roubini. “At some point a sovereign bank may crack.”

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Reported By Jack Gregson

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Roubini Says a ‘Sovereign Bank May Crack’ as Crisis Worsens

FreedomsPhoenix.com