Nouriel Roubini: Financial Crisis Far From Over

Anyone who thinks the worst of the financial crisis is over hasn't been talking to Nouriel Roubini.

From his Wall Street Journal Op-Ed, co written by Ian Bremmer:

The U.S. economy is, at best, halfway through a recession that began in December 2007 and will prove the longest and most severe of the postwar period. Credit losses of close to $3 trillion are leaving the U.S. banking and financial system insolvent. And the credit crunch will persist as households, financial firms and corporations with high debt ratios and solvency problems undergo a sharp deleveraging process.

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