Roubini Interview: Steps to Halt the Slide - Council on Foreign Relations

More work to do

Steps to Halt the Slide - Council on Foreign Relations: "Goldman Sachs or Morgan Stanley branches on the corner anytime soon. And even acquiring other banks over time, as a way to acquire deposits, is going to take a lot of time. Ninety percent of their borrowing is still overnight; they're leveraged thirty times, and they lend in ways that are illiquid and longer term"

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