Roubini on the hedge fund crisis from a Thursday article:
http://www.bloomberg.com/apps/news?p...OSc&refer=home
Quote:
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Nouriel Roubini, the New York University Professor who spoke at the same conference, said hundreds of hedge funds will fail as the crisis forces investors to dump assets. ``We've reached a situation of sheer panic,'' said Roubini, who predicted the financial crisis in 2006. ``Don't be surprised if policy makers need to close down markets for a week or two in coming days.''
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