Thursday, April 2, 2009

Nassim "Black Swan" Taleb Disses Geithner Plan: It Will Fail (video)

Voltron says: Nassim advocates removing all risk from banks, essentially running them as a "Utility" like the Postal Savings System used as the primary means of savings in Japan and which used to exist in the United States. Risky activities would be conducted by hedge funds which would be allowed to fail.

No comments: