Nassim Nicholas Taleb Complains About Bailout Hazard

We are bailing out the banks ... and the managers kept their bonuses. Bob Rubin kept 100 million dollars while hiding Black Swan risk. Taleb complains on Fareed Zakaria's CNN show.

Category:

News & Politics

Tags:

• Nassim
• Nicholas
• Taleb
• Black
• Swan
• Global
• Financial
• Crisis

[rphaigh]

Thanks for posting, but you left out the best part. In the same program he explains that like incompetent pilots in a bad storm the Fed and the bankers, incompetent at assessing risk, crashed the worlds financial system. These same incompetent pilots are now piloting us through the bailout.

[gro120]

most explicit is the function of the host, who curtails and interprets the information coming from the guest. Fareed Zakaria was handpicked by Henry Kissinger as media filter....member of CFR, etc... present Nassim Taleb as clown...

[pretorious700]

Jon Gruden?

[PimpernellP]

you can't run a system based on any commercial enterprise capitalizing their profits and socializing their losses.

[afendiamir]

Nassim is amazing!

[utuber2]

Yay! John Bruton!

[napoleonessa]

is it possible to listen to the whole discussion?

[RubenCLeon]

Politics is about power to choose who lives or dies literally and economically. If the US govt has no constitutional authority to invest in commercial ventures and all the money must be borrowed then why not borrow enough to give every taxpayer a 100% refund check for all 2008 taxes paid + enough to run the govt through 2009 so that no one would have to pay any taxes for 2009? This would be constitutional and the taxpayers would jump-start the economy from the ground up...immediately. Too easy??