Video: Nassim Taleb on Capitalism 2.0

January 17, 2009 11:10 am

Sounds like securitization gone awry, right? Nassim Taleb tells Charlie Rose that banks are going to be no different than utilities. Mr. Taleb also points out that we should no longer be, “Privatizing gains and socializing losses.”

That is definitely the sweetest words I have heard in a long time. ( Of course it can never top the original sweeties when my mother would say: “Andrew, your dinner is ready!”)

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