Renowned economist Nouriel Roubini, also known as "Dr. Doom," wrote an opinion editorial for MarketWatch in which he asserts that most US banks are technically near insolvency, and hundreds are already fully insolvent. Roubini highlighted how banks in America carry unrealized losses on securities amounting to $620 billion and said, "the 'unrealized' nature of these losses is merely an artifact of the current regulatory regime, which allows banks to value securities and loans at their face value rather than their true market value." He believes that the US economy may face a harder landing due to the credit crunch caused by banking stress and referred to it as a "house of cards." Roubini concludes that everyone should be preparing for the coming stagflationary debt crisis. (Bitcoin.com)