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
« INSIDE JOB - Dylan Ratigan Interviews Director Charles Ferguson - How Wall Street Took Over Government | Main | Matt Taibbi - Obama Goes All Out For Dirty Banker Deal »

Nassim Taleb Reappears: "As An Industry Wall Street Has NOT Suffered And The Fed Is Doing Everything It Can To Finance Their Bonuses" (VIDEO)

Video - Nassim Taleb on the BBC - Aug. 18, 2011

Back from a Bernanke hiatus, Taleb starts where he left off - annihlating Wall Street's bonus culture helped by a corrupt Federal Reserve.  Quotes below.  Outstanding interview.

"The core of the problem is that asymmetry in payoff socializing losses and privatizing gain and the generator of that inequity is still there, worse than ever."

"Banks got us here, and they’re reaping the benefits.  As an industry, they have not suffered and the Federal Reserve is doing everything it can to finance these bonuses."

"I’m outraged. Banks should be something other than machines that generate themselves bonuses. Today, banks are vastly more centralized than they were before the crisis … much more powerful than they were before (and) they have an incredibly sneaky lobby in Washington."

Taleb says there's a tumor in the center of the financial system that has not been removed, one he calls "an agency problem." This happens when people make money they receive bonuses, but when they lose money, taxpayers and future generations pay the price.


The Helicopter claims to have never heard of Taleb...

The best from the Taleb archives:

Taleb Emails Bloomberg In Panic: "Something Needs To Be Done About Bernanke"

Taleb Says Obama's Stimulus 'Made Economic Crisis Worse'

Taleb Says He Wouldn't Shake Geithner's Hand, Calls Bernanke "A Charlatan"

Taleb: "The Real Financial Crisis Might Not Even Have Started Yet" 

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

Taleb says "The Federal Reserve Will Be Gone In 25 Years," Ridicules Geithner Publicly And Accuses Krugman Of 'Stealing Assets From Your Grandchildren'



PrintView Printer Friendly Version

EmailEmail Article to Friend

Reader Comments (12)

Taleb comes out just in time for Jackson Hole. He must have another book coming out.
Aug 25, 2011 at 12:30 AM | Unregistered CommenterEHP
NOAA claims the winds are 85 MPH, but none of the Weather Underground stations in the area report higher than 33 MPH winds. By definition, this is not a hurricane – and is just barely a tropical storm.

Aug 27, 2011 at 4:48 PM | Registered CommenterDailyBail
MONTERREY, Mexico — Mexican President Felipe Calderon declared three days of mourning Friday following the arson of a casino by presumed drug traffickers that killed 52, calling those responsible "true terrorists."

Armed assailants burst into the casino Thursday afternoon, swearing and shouting for customers and employees to get out. But many of the terrified victims fled farther inside the building, where they died trapped amid the flames and thick smoke that soon billowed out of the building.

Aug 27, 2011 at 4:50 PM | Registered CommenterDailyBail
OAKDALE, Calif. (CBS13) – A therapy horse was killed after metal thieves tore down a pasture fence, allowing some of the animals to wander near a busy highway, authorities said.

Aug 27, 2011 at 4:51 PM | Registered CommenterDailyBail
An El Paso County jury on Friday awarded nearly $300,000 to the daughter of a burglar who was fatally shot in 2009 while breaking into an auto lot.

Read more: http://www.gazette.com/articles/jury-123946-burglar-lot.html#ixzz1WGTD1RLO
Aug 27, 2011 at 4:53 PM | Registered CommenterDailyBail
Locks superglued prior to protests of Governor Walker at local school

Aug 27, 2011 at 4:53 PM | Registered CommenterDailyBail
Class action suit says Florida Highway Patrol illegally tickets motorists who warn others about speed traps

Aug 27, 2011 at 4:54 PM | Registered CommenterDailyBail
Aug 27, 2011 at 5:05 PM | Registered CommenterDailyBail
Libya: Scottish officials still in dark as to whereabouts of Lockerbie bomber

Aug 27, 2011 at 5:07 PM | Registered CommenterDailyBail
Aug 27, 2011 at 5:09 PM | Registered CommenterDailyBail
Nassim Taleb + Hedge Fund Hotshot Spitznagel To Attend Ron Paul Fundraiser At J'Lo's Former Mansion



Ron Paul — Republican presidential candidate, GOP congressman from Texas, father of Sen. Rand Paul, libertarian, and dogged foe of the Federal Reserve — is touching down in Los Angeles on March 20 for a fundraiser. If you think Paul, with his desire to return the U.S. to the gold standard (bimetalism, actually, using gold and silver) and his tendency to subject Fed ChairmanBen Bernanke to lengthy disquisitions on inflation, is a litle bit different, just wait until you get a dose of the guy who's hosting this Bel Air shindig, at the former residence of Jennifer Lopez.

He's Mark Spitznagel, a very successful hedge-fund manager whose Universa Investments is based in Santa Monica. There are hedge-fund managers and there are hedge fund managers. Spitznagel is definitely in the latter category. He plies his trade in an exotic corner of the industry, making huge bets on statistically improbable events, now colloquially known as "black swans," after the 2007 book of the that title by Nassim Taleb.
Mar 8, 2012 at 9:47 PM | Registered CommenterJohn
Mar 25, 2012 at 5:09 PM | Registered CommenterJohn

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.