Friday
Jul172009
« 32 Seconds Of Nassim Taleb Kicking Bob Rubin's Ass (Video) »
Taleb:
- "It's not Socialism, it's not Capitalism. It's the worst of both."
- "The truck driver is paying taxes to subsidize Robert Rubin's bonus."
The Black Swan, Nassim Taleb speaking at The Big Picture conference points out how taxpayers paid for the losses at Citigroup AND subsidized Bob Rubin's bonuses -- which he earned by helping set Citi up to take those same losses.
Taleb also brings up two of my favorite topics of conversation: pitchforks and clawback. (OK, I imagined the pitchforks.) But why SHOULDN'T we claw back Bob Rubin's bonuses, Taleb demands to know. Good question, Mr. Taleb. I'm sure we could think of other candidates for clawback, too: Paulson, Thain, Prince, O'Neil, Casanno, Blankfein, et al.
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Bonus video of Taleb on GPS with Fareed Zakaria, slamming Rubin and Citi.
Friday, July 17, 2009 at 5:24AM
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Reader Comments (7)
Here's our Nassim Taleb archive:
http://dailybail.com/display/Search?searchQuery=taleb&moduleId=4094525
Bizarro-land indeed. The longer justice is withheld by official authorities, the likelier it becomes that people will take justice into their own hands and become vigilantes. It is equally true that the longer justice is withheld, the likelier justice administered by vigilantes becomes disproportionate with the crime. I am not advocating this. It is a fact. Rubin, Paulson, Thain, Prince, O'Neil, Casanno, Blankfein, et al. should beware. I hope they have bunkers ready and are prepared to live as recluses with a competent security detail. Look at Saddam. He amassed his countries wealth for himself and ended up living with his own $#!t and piss in a whole in the ground. One of his best palaces is now the U.S. embassy.
spidey,
True indeed. Tuesday was Bastille Day. Vive le 14 Juillet!
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