October 24, 2008
Professor Says We Will Have to Close Securities Markets
A professor from New York, Nouriel Roubini, Dr. Doom, once a senior adviser to Treasury, in a talk in London at a conference on hedge funds has stated that hedge funds will start to crumble as cash-strapped investors demand redemptions. Once the hedge funds fail, he states that we will have to close the markets for a week or two to sort out the mess. Quite a dire projection. He also notes that heavy regulation of hedge funds is now inevitable.
October 24, 2008 | Permalink
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