"It’s like we’re walking blind in a minefield," said Prof Roubini. "Every situation has become risky and no one can trust each other. The banks are too big to be allowed to fail, but they’re also too big to save."
"We’re now paying the price for the biggest asset and credit bubble in history," Prof Roubini said, advising investors to stay clear of risky assets and keep money in cash. "The bail-outs have not worked because the markets are no longer rallying, and the policy-makers have run out of options."
He seems to be right. The bailout isn't working. It doesn't seem like it was enough. Even the policy makers seem like they are losing control .
It sure seems like the Government is going to infuse another huge chunk of capital into the bank and financial institutions again. Soon the banks will be completely nationalized.
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