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Nouriel Roubini: Financial Reforms 'Cosmetic,' Won't Stop More Crises

First Posted: 07/19/10 06:12 AM ET Updated: 05/25/11 05:30 PM ET

Roubini Financial Reform

CNBC:

Current efforts to reform financial regulation are "cosmetic" and won't prevent another crisis, economist Nouriel Roubini told an audience on Tuesday at the London School of Economics.

"The way I think about this crisis is not in terms of black swans (a sudden, rare event), but white swan events," Roubini said. "Crises are much more common than we think."

Read the whole story: CNBC

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Filed by Ryan McCarthy  |