City of debt shows U.S. housing woe
• BBC NewsProfessor Roubini says, "If you have a $200bn loss, that reduced your capital by $200bn, you have to reduce your lending by 10 times as much," he explains.
Professor Roubini says, "If you have a $200bn loss, that reduced your capital by $200bn, you have to reduce your lending by 10 times as much," he explains.
