Oct. 21 (Bloomberg) -- Nouriel Roubini, the New York
University economist, said that the idea behind Ireland’s
planned National Asset Management Agency is “right.”
“You may want to pay more than current market values, but
you should not pay much more unless there is an argument that
what you are paying is truly the long-term value of these
assets,” he said in an e-mailed statement issued today by the
organizers of the International Financial Services Summit.
Roubini is due to speak at the conference on Nov. 5.