"Reckless people have deluded themselves that this was a subprime crisis. But we have problems with credit-card debt, student-loan debt, auto loans, commercial real estate loans, home-equity loans, corporate debt and loans that financed leveraged buyouts... We have a subprime financial system, not a subprime mortgage market."
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Academics from the United StatesEconomists from the United StatesPeople from IstanbulAcademics from TurkeyEducators from Turkey
Original Language: English
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Quoted in Stephen Mihm, "Dr. Doom," The New York Times (2008-08-15).
https://en.wikiquote.org/wiki/Nouriel_Roubini
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Nouriel Roubini
Nouriel Roubini (born March 29, 1958) is a Turkish-American professor of economics at New York University and chairman of the economic website Roubini Global Economics. He was a Treasury official during the Clinton administration and has taught at Yale University.
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