Recommended - Nationalize Insolvent Banks

I recommend Nouriel Roubini's new article in Forbes, "Nationalize Insolvent Banks". Roubini is the economist who accurately predicted the current fiscal crisis several years in advance and earned the name "Dr. Doom" as a result, until he was proven right!

Clearly the Obama administration still can't bring themselves to take the hard steps with the banks - they still want to keep trying to bail them out. Perhaps after we have dumped another $2 or $3 trillion into them, someone will catch on that this isn't going to work.