2nd July 2009
(CNBC) – The financial system is crashing and action must be taken by the US government to convert debt into equity to produce a more stable environment, Nassim Taleb, author of “The Black Swan,” told CNBC Thursday. Read the rest of this entry »
Tags: bankers, banks, black, box, CNBC, collapse, crash, crashing, debt, financial, nassim, squawk, stimulus, swan, system, taleb
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8th May 2009
(Bloomberg) – The current global crisis is “vastly worse” than the 1930s because financial systems and economies worldwide have become more interdependent, “Black Swan” author Nassim Nicholas Taleb said. Read the rest of this entry »
Tags: 1930, bank of ameirca, ben, bernanke, black, bloomberg, copper, crisis, deflation, depression, fed, Federal, financial, fund, global, gold, great, international, lynch, main-stream, merrill, mobius, monetary, msm, nassim, nickolas, nouriel, professor, reserve, roubini, subprime, swan, system, taleb, wall street
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11th April 2009
You know things are bad when even one of the most mainstream publications – Newsweek – is slamming the Obama administration for caving to the financial status quo, and sounding the same themes that I and other “alternative” writers have been shouting into the wind about for many months. Read the rest of this entry »
Tags: administration, banks, citigroup, congress, derivatives, dorgan, fdic, feinstein, financial, financial times, geithner, goldman, hersh, jpmorgan, levin, nassim, newsweek, obama, quo, sachs, sanders, status, taleb, taxpayer, timothy, wall street, webb
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