Nassim Taleb on OWS

Great video from Bloomberg, hat tip to Farnam Street.  Here’s Nassim Taleb (Mr. Black Swan) on bankers and Occupy Wall Street…

“Hammurabi’s code, ~3800 years ago, removed the agency problem as a condition for transaction: “If a builder builds a house and the house collapses and causes the death of the owner – the builder shall be put to death. If it causes the death of the son of the owner , a son of that builder shall be put to death.”Everything in past 100 years has been to shield managers from liabilities. Think of Fukushima.”

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