implode-explode.com - Implosion News Pick-ups: Bloomberg: Here's to Hoping Nouriel Roubini Is Proven Wrong

One reason to think Roubini won't be proven wrong is his argument that the problem isn't the subprime mortgage market -- it's a subprime U.S. financial system. Fixing the problems sending financial contagion around the globe will require tough decisions in Washington and reforms in Wall Street's securitization system. And that's hardly happening.