Comments on: LiveBlog: Modernizing America’s Financial Regulatory Structure http://banktalk.org/2009/01/14/liveblog-modernizing-america%e2%80%99s-financial-regulatory-structure/ Exploring the Finances of the Unbanked Thu, 17 May 2012 04:33:18 +0000 hourly 1 http://wordpress.org/?v=3.3.1 By: Mark T. Market http://banktalk.org/2009/01/14/liveblog-modernizing-america%e2%80%99s-financial-regulatory-structure/comment-page-1/#comment-141 Mark T. Market Wed, 14 Jan 2009 19:07:42 +0000 http://thisismyhomebook.wordpress.com/?p=523#comment-141 I recently featured <a href="http://thecriticalthinker.wordpress.com/2009/01/14/nassim-taleb/" rel="nofollow">Taleb speaking out in frustration</a> against the economic and banking establishment, also <a href="http://thecriticalthinker.wordpress.com/2009/01/14/mandelbrot-and-taleb/" rel="nofollow">joined by his mentor: Benoit Mandelbrot</a>. They blame the present belief in naive risk models for failing to anticipate the coming crisis. Their statements about rapid crashes have striking correspondence with Jared Diamond's <a href="http://thecriticalthinker.wordpress.com/2009/01/02/analyzing-the-collapse-of-human-society/" rel="nofollow">observations about societal collapse</a>. I recently featured Taleb speaking out in frustration against the economic and banking establishment, also joined by his mentor: Benoit Mandelbrot. They blame the present belief in naive risk models for failing to anticipate the coming crisis.

Their statements about rapid crashes have striking correspondence with Jared Diamond’s observations about societal collapse.

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