×

"Socialism" on Wall Street

7:31 PM ET Tue, 16 Sept 2008

There is a huge "moral hazard" problem here, says Nouriel Roubini, co-founder & chairman of RGE Monitor, where Wall Street firms have privatized their profits and socialized their losses. He tells CNBC's Martin Soong, Sri Jegarajah & Amanda Drury more.