Will the world economy go through another crisis in 2013? Nouriel Roubini thinks so. Check out the video from CNBC.

Where do things stand now with U.S. banks? It’s been quite a roller coaster ride for the past 3 years, and now we may be heading into a new phase with the passage of financial reform.

In many ways it’s too early to gauge how FinReg will impact the banks in the long run, let alone the U.S. economy and ordinary Americans. But it looks like the consumer protection agency may be a game-changer. Banks have relied on hidden fees for a long time to prop up their profits, so that easy money will likely be reduced in the future.

Meredith Whitney was on CNBC the other day, and she remains skeptical of bank profits with the passage of the new law, and the disturbing fact that the banks still need time to remove toxic assets from their books.