8.05.2008

Hundreds of banks will fail, Roubini tells Barrons

Roubini was 'talking crazy' when his colleagues were all still cheerleaders. Now they listen. - Ed.

NEW YORK, Aug 3 (Reuters) - The United States is in the second inning of a recession that will last for at least 18 months and help kill off hundreds of banks, influential economist and New York University Professor Nouriel Roubini told Barron's in Sunday's edition.

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