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Roubini on financial reform

Here is Nouriel Roubini speaking recently about financial industry reform.

Reasonable, and goes further than the legislation currently being proposed. However, I think we need to be skeptical about how much good breaking up the large institutions will do for preventing another meltdown. As long as the productive economy is undynamic, finance will grow relatively; and as long as we have a large financial sector and extensive credit, the potential for another blow-up is there.

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