2008-01-15 — blogspot.com
'“We’re facing the risk of a systemic financial crisis,†Mr. Roubini said. “It’s not just subprime mortgages. The same kind of reckless lending has been occurring throughout the financial system. And it’s not only mortgages: Now it’s credit cards and auto loans, where we see problems increasing. The toxic junk is popping up everywhere.†'
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