Video: Taleb slams Rubin and Citigroup...
- "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 points out how taxpayers paid for the losses at Citigroup AND subsidized Bob Rubin's bonuses. 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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