Sunday, June 20, 2010

Nassim Taleb on The Systemic Risk

Nassim Taleb discusses how short term equity market fluctuations reflect irrationality. Also discussed are the threats to our financial system that are still present and have yet to be addressed. The feeble actions that have been taken by Ben Bernanke, Larry Summers, and Tim Geithner have not resolved issues such as moral hazard, regulatory incompetence, and systemic risks that pose the threat of meltdown.

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