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"Socialism" on Wall Street

Tuesday, 16 Sep 2008 | 7:31 PM ET

There is a huge "moral hazard" problem here, says Nouriel Roubini, co-founder & chairman of RGE Monitor, where Wall Street firms have privatized their profits and socialized their losses. He tells CNBC's Martin Soong, Sri Jegarajah & Amanda Drury more.