Nassim Taleb On The "Triplets"

Throw in in Robert Rubin and Alan Greenspan...for good measure include Warren Buffet because I'm sick of hearing him pussyfoot both sides of the aisle.

Nassim Taleb Rips Summers, Geithner, Bernanke (VIDEO)
By: Sam Stein

One of earliest and most outspoken experts who warned of disaster before the nation plunged into an economic crisis called out the president Monday for turning to advisers who either missed, fundamentally misunderstood, or contributed to the financial industry meltdown.

Nassim Taleb, author of the book "The Black Swan," took some highly personalized swipes at what he deemed "the triplets" -- Barack Obama's chief economic adviser, Larry Summers, Treasury Secretary Timothy Geithner and Fed Chairman Ben Bernake -- during an appearance on MSNBC's "Morning Meeting with Dylan Ratigan."

"Let's look at them," said Taleb. "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?"

"Second one, look at Geithner," he added. "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," Taleb said. "We're giving more power to the Fed, who got us here?"

Read More Here: http://www.huffingtonpost.com/2009/08/03/nassim-taleb-rips-summers_n_249972.html