Having written more than a few posts here on the financial crisis, it seems imperative that we hear and employ ideas from outside of the current system. Nassim Nicholas Taleb succintly outlines why he is no fan of "the triplets" as he calls them on a recent appearance on "Morning Meeting with Dylan Ratigan."
Let's look at them. They don't seem to understand risk. They have their models and were blinded by their models. The first person not to understand risk is Larry Summers ... [L]ook at Harvard's finances, all right? He is going to do to us what he did to Harvard?These are biting words, but true nonetheless. We need more voices out there like Nassim Nicholas Taleb who speak against the current failed system and ask simple questions that rally the people. The question is...are we listening? In order for our voices to be heard in Washington we have to first understand "what's going on."
Second one, look at Geithner. In the rare instance in which you have to look at someone's behavior, the gentleman's house, he couldn't understand the risk of the real estate market? That the house could drop in value? Look at him. He is stuck with his house. Look at the numbers. You can see a lot of jokes on the way with someone with these mortgages.
The third person is Bernanke. We're giving more power to the Fed, who got us here?