“This
business [risky derivatives] is too complicated for the banks and Wall Street….
They should out of this business… They should just lend money to farmers… Their
bonuses are insult to our intelligence”.
Well, just
to paraphrase Taleb regarding
Big Pharma:
Drug
development process is too complicated for Big Pharma… They should out of this
business… They should just manufacture aspirin and ship it to drugstores… Their
profits are insult to our intelligents”.
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