MORE NOURIEL ROUBINI TODAY OCT 3, 2008 THE RISK OF THE MOTHER OF ALL BANK RUNS

Nouriel Roubini's Global EconoMonitor Financial and Corporate System is in Cardiac Arrest: The Risk of the Mother of All Bank Runs Nouriel Roubini | Oct 3, 2008 It is now clear that the US financial system - and now even the system of financing of the corporate sector - is now in cardiac arrest and at a risk of a systemic financial meltdown. I don’t use these words lightly but at this point we have reached the final 12th step of my February paper on “The Risk of a Systemic Financial Meltdown: 12 Steps to a Financial Disaster” (Step 9 or the collapse of the major broker dealers has already widely occurred). http://www.rgemonitor.com/blog/roubini/253853/financial_and_corporate_system_is_in_cardiac_arrest_the_risk_of_the_mother_of_all_bank_runs