As I had read the transcript of the Democracy Now interview with Bill Black I viewed the Bloomberg Nassim Taleb clip before going back to the Democracy Now one.
Taleb did a fair view of what the big banks have done but like Krugman is hesitant to use the 5 letter word, FRAUD.
Readers might do well to review your excellent post of Oct 17 http://warincontext.org/2011/10/17/bill-black-and-david-degraw-call-for-the-prosecution-of-fraudulent-bankers/ to get these interviews in proper context and also to get a clear,factual presentation with recommendations as to what must be done to correct their crimes.
“The water won’t clear up until we get the hogs out of the creek.”
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