If we keep bailing out banks, Nouriel Roubini says the price could get that high

Well, since Obama’s biggest campaign donors are all from Goldman Sachs, he’s no more likely to say no to this price tag than is Schmuck Talk.

Oh, by the way, we’re “in the second inning of a severe, protracted recession, which started in the first quarter of this year and is going to last at least 18 months, through the middle of next year.”

Roubini’s cheery news includes the prediction that hundreds of banks could fail, and that, if not for the “stimulus” checks, retail spending would have declined in June.

And, he’s not alone in that estimated price tag. Goldman Sachs, above others, puts it at over $1 tril.