NPR logo Dr. Doom's Superb Fannie/Freddie Analysis

Housing

Dr. Doom's Superb Fannie/Freddie Analysis

Dr. Nouriel Roubini gives his famous "hard landing" talk, September 2007. IMF.org hide caption

toggle caption
IMF.org

Nouriel Roubini is quickly becoming one of the most important economists in the U.S.

He has been predicting, with stunning accuracy, exactly how this crisis would play out.

The New York Times ran a big profile of him.

I did a profile of him back in 2005, when most economists were laughing at his dark views (it was, we now know, the heart of the bubble).

He is not crazy about the Treasury plan for Fannie Mae and Freddie Mac. His analysis, as always, is not the quickest of reads, but it is worthwhile.

Headline: however tough Paulson was on Fannie/Freddie shareholders, he wasn't tough enough. Oh, and the taxpayer might be on the hook for a lot more than almost anyone expects.