tag:blogger.com,1999:blog-4185740361476149540.post5926327460811319585..comments2024-02-15T00:40:37.565-08:00Comments on The Biz of Life: Nassim Taleb on Wall Street Protest, BankingThe Grouchhttp://www.blogger.com/profile/16355057736314451831noreply@blogger.comBlogger2125tag:blogger.com,1999:blog-4185740361476149540.post-17916590762278915182011-10-19T05:37:22.989-07:002011-10-19T05:37:22.989-07:00You are right on LTCM. Too big to fail is now an ...You are right on LTCM. Too big to fail is now an expectation built into the system. It's the exception, rather than the rule, when we actually let one of the big institutions suffer the consequences of their poor choices or excessive risk taking.The Grouchhttps://www.blogger.com/profile/16355057736314451831noreply@blogger.comtag:blogger.com,1999:blog-4185740361476149540.post-857908520201804692011-10-19T04:46:35.389-07:002011-10-19T04:46:35.389-07:00Nobody "...bails out hedge funds" ? C...Nobody "...bails out hedge funds" ? C'mon Taleb, I'm sure you've heard of Long Term Capital Management. The whole moral hazard issue could have been stopped right there. The sad fact is ..."too big to fail" has been applied in a lot of places.DIY Investorhttp://rwinvesting.blogspot.comnoreply@blogger.com