To recap: last month Jim Cramer said that Nouriel Roubini was "intoxicated" with his own "prescience and vision." Roubini responded with "Cramer is a buffoon," and the alleged court jester, who loves it when you tell him he sucks, invited Dr. Doom onto his show to say it to his face. Perhaps ticked that he's yet to be taken up on the offer, JC came back with a PS this morning:
Today Roubini, my favorite perma-panda, takes on Warren Buffett in a piece entitled "We Can't Subsidize the Banks Forever," in the Op-Ed section of the Wall Street Journal. This debate reminds me of the Pope v. Stalin when Stalin responded to the query about the pope being an opponent with "How many divisions does he have." The simple truth is that the professor can't stand up to the nation's bank arbiter and this veiled attack seems like sour grapes as the answer isn't that we subsidize banks forever, it is that we subsidize them for as long as we have to. Does Roubini favor nationalization because he has people short through this RGE Monitor outfit? Is that what this is all about?
Cramer Calls Out Roubini [TRB]