Feeds: Email, RSS & Twitter

Get Our Videos By Email


8,300 Unique Visitors In The Past Day


Powered by Squarespace


Search The Archive Of 15,000 Videos




Hank Paulson Is A Criminal - Pass It On

"The Federal Reserve Is A Ponzi Scheme"

Get Our Videos By Email


Bernanke's Replacement: Happy Hour In Santa Cruz

Must See: National Debt Road Trip

"Of Course We're Not Going To  Payback the Chinese."

Dave Chappelle On White Collar Crime

Carlin: Wall Street Owns Washington

SLIDESHOW - Genius Signs From Irish IMF Protest

SLIDESHOW - Airport Security Cartoons - TSA

Most Recent Comments
Cartoons & Photos
« Roubini Sees Risk Of Double Dip Recession (Video) | Main | Elizabeth Warren Goes To Washington (A Look Behind The Scenes) »

Dr. Nassim Taleb: "My Friend Nouriel Roubini Has A Weakness, He Likes Bernanke Too Much"

(Screenshot...video is below)


Very special CNBC Squawk Box this morning, with Dr. Nouriel Roubini as the guest host and Black Swan, Dr. Nassim Taleb as a segment guest.  We will have more from just Roubini later, but this is by far the best clip from the morning group, as it includes interplay and commentary from both. Taleb is difficult to transcribe because virtually every sentence is meaningful. Watched it twice and here's my summary.

  • Debt must be converted to equity.
  • Bernanke is an extremely poor bus driver.
  • The markets are clueless.  They mean nothing in the short term.
  • We're not pessimists, we just see risks and try to warn about them.
  • All the risks are still there.  Our leadership was blind.  We're worse off than before.
  • The problems still have not been recognized.
  • The problem with the Obama administration is they are rewarding all the bad actors.
  • The problem is Bernanke belongs to a school of economics (Keynes) that's never been in sync with anything, especially complex financial instruments.
  • Bernanke's mistakes are worse than those of Greenspan.
  • Bernanke presided over this build-up of risk in the system, and didn't understand, acknowledge or even recognize it.
  • The Obama administration won't stop rewarding failure.
  • Cash for clunkers rewards failure.
  • Instead of being penalized, the bankers have more power now than before.
  • No one is working on a cure.



PrintView Printer Friendly Version

EmailEmail Article to Friend

References (1)

References allow you to track sources for this article, as well as articles that were written in response to this article.

Reader Comments (7)

Morton sent me a link to a cartoon that readers will likely enjoy.:

Aug 12, 2009 at 3:13 PM | Registered CommenterDailyBail
Can we please appoint Roubini or Taleb to replace Bernanke or Geither?
Aug 12, 2009 at 4:39 PM | Unregistered CommenterArmando Montelongo
@ Armando,

That was my thought too! These guys have it right. B-52 sucks!
Aug 12, 2009 at 4:56 PM | Unregistered CommenterSell Short
It would be such an amazing change to have an actual truth-teller in control for once, instead of these quasi-political knobs.
Aug 13, 2009 at 1:19 AM | Registered CommenterDailyBail
This man is fantastic
Aug 15, 2009 at 8:54 AM | Unregistered CommenterJAP
"The problem is Bernanke belongs to a school of economics (Keynes) that's never been in sync with anything, especially complex financial instruments."

How can he say/prove this? For one, that Bernake is from the school of Keynes; then about Keynes' being out of sync...
Nov 16, 2009 at 10:15 PM | Unregistered Commentervia fch

I don't think there's any argument about Bernanke being a keynesian...and you may decide for yourself if deficit spending to avoid a necessary recession is a smart idea...we think not...
Nov 17, 2009 at 10:57 PM | Registered CommenterDailyBail

PostPost a New Comment

Enter your information below to add a new comment.

My response is on my own website »
Author Email (optional):
Author URL (optional):
All HTML will be escaped. Hyperlinks will be created for URLs automatically.