Thursday, September 11, 2008
NOURIEL ROUBINI TELLS IT LIKE IT IS
Comrades Bush, Paulson and Bernanke Welcome You to the USSRA
(United Socialist State Republic of America)
By Nouriel Roubini
09/09/08 "Roubini Global Economics" -- - The now inevitable nationalization of Fannie and Freddie is the most radical regime change in global economic and financial affairs in decades. For the last twenty years after the collapse of the USSR, the fall of the Iron Curtain and the economic reforms in China and other emerging market economies the world economy has moved away from state ownership of the economy and towards privatization of previously stated owned enterprises. This trends was aggressively supported the United States that preached right and left the benefits of free markets and free private enterprise.
FOR ENTIRE ARTICLE:
http://www.informationclearinghouse.info/article20720.htm