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Tuesday, August 9, 2011

Roubini Calls For Mortgage Principal Reduction

Noted economist "Dr. Doom" Nouriel Roubini is calling for an "across-the-board reduction on the mortgage debt for the roughly half of America's households that are underwater," as part of the "orderly debt restructuring" he says the nation needs in order to address its crises of solvency and liquidity.

The full article is available at http://www.cnbc.com/id/44055868

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