by Laura Conaway

A couple of listeners mentioned this news from economist Nouriel Roubini, as found on Bloomberg:

"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."

I'll see if I can find Roubini for the podcast today. UPDATE: Roubini's traveling at this exact moment. I'll see if we can get someone in his office to help us.

(David Kestenbaum files on hedge funds.)