Nouriel Roubini explains how to solve the financial crisis

Professor Nouriel Roubini is back with a timely book on how to deal with the global financial crisis. His prescription is interesting but you still get the feeling that all of this is too little too late.

Indeed the man who first flagged up the coming subprime loan crisis in 2005 is now warning that a second and more dangerous phase of the global financial cisis is now almost upon us, with governments about to fail rather than big banks. And who had heard of problems in Hungary before last Friday?