Nassim Taleb: How To Make Goldman Sachs Obsolete

Sep 27, 2010 at 7:19 PM
DailyBail in Wall Street Bailout, banks, banks, bernanke, debt, goldman sachs, nassim taleb, nassim taleb, nassim taleb video, risk, wall street reform

Video:  Black Swan Dr. Nassim Taleb speaks to students at JMU -- Sep. 24, 2010

The Taleb speech highlights are cut throughout the 3-minute clip.

Warren Buffett gets a verbal swat.  Goldman Sachs is the target, and it includes some interesting discussion of the relatively benign Silicon Valley tech bubble aftermath vs. the utter devastation created by the housing, securitization and derivatives bubble.

Inisde I've also included links to the best Taleb clips of all time, with Roubini, Hugh Hendry, kicking Bob Rubin's ass and several more.

• "The unique solution to the system is de-financialization.  How do we create the right environment?  By weakening the banks rather than strengthening them.  What we need is a progressive transformation of bank debt into equity."

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All of these are classics:

• Taleb Says "Bernanke Should Be Removed From Office"
  

• Taleb: "My Friend Roubini Has A Weakness, He Likes Bernanke Too Much"
  

• 32 Seconds of Taleb Kicking Robert Rubin's Ass

 

And more:

 

• Taleb & Roubini Talk Debt, Indebted Grandchildren, & Double-Dips (Video & Transcript -- PBS)

 

• Nassim Taleb Comes Out Of Seclusion To Annihilate Robert Rubin, Ben Bernanke

 

• Taleb: "Every Single Human Being" Should Short US Treasuries

 

• Nassim Taleb: "The Real Financial Crisis Might Not Even Have Started Yet" (Most Recent Video)

 

 

 

 

 

New Slideshow - Time Magazine Looks Inside the Private Offices of Fed Chairman Bernanke - Including Photos of Bernanke Growing Up in South Carolina - These are a Must See

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Article originally appeared on The Daily Bail (http://dailybail.com/).