Prof. Roubini today calls for “much more radical” action to include a blanket government guarantee of all bank deposits. Plus he wants to separate good from bad banks, and save only the solvent ones. Roubini thinks the government can and should resolve the ongoing financial declines. He wanted the government to inject money and take preferred shares. He wants a New Deal style Home Owners’ Loan Corporation to handle foreclosures and homeowner debts.He thinks the government can and should take the “right” financial measures to resolve the bankruptcies and insolvencies. I don’t. The government is incapable of stopping the deflation … Continue reading Roubini’s solutions and some guesses of mine