NYU's Dr. Doom: Obama mortgage plan will help, but more action needed


The near-impossible has occurred -- and no, not everyone on ABC's The View got along for a whole week.

Instead, NYU Economics Professor Nouriel Roubini --known as 'Dr. Doom' for his pessimistic outlook -- has seen a ray of light in the financial crisis and global recession.

Speaking on the Charlie Rose Show on PBS, Roubini said President Barack Obama's home mortgage refinance program will help reduce the home foreclosure rate, but added that more action is need on a variety of fronts to resolve the financial crisis.