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Nassim Nicholas Taleb on the Financial Crisis

EconTalk

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The Role of Regulators in Bringing This Crisis?

I'd be for that up to a point, but if we had a choice between bail out and ownership, ownership's probably better. The problem is, is they can't keep their promise to not bail out other part, then that's the problem. And i very surprised that in all this argument in washington, nobody spoke about the role of regulation in bringing this crisis. Crisis was caused by regulators. E regulators helped rading agencie spread the ratings. I think vincent ans could not, could not hold the segments of the portfolios in some categories. What else?

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