A Hard Rain's A-Gonna Fall

says Nouriel Roubini:
"... here is a summary and significant extended update of my views that this will turn out to be the worst financial crisis since the Great Depression and the worst US recession in decades…".
P.S. July 27. Brad Seser's assessment:
Too big to fail? Or too large to save? Thinking about the US one year into the subprime crisis.