Nightmare on Wall Street

I don't consider myself an alarmist, but the Paul Solman segment on last night's NewsHour With Jim Lehrer has got to be one of the scariest ten minutes of television I've seen in a while. In it, Solman talks with economist Nassim Nicholas Taleb, author of The Black Swan: The Impact of the Highly Improbable, and his mentor, mathematician Benoit Mandelbrot, about chain reactions and the current financial crisis. You might want to watch this one with a friend....

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-- Mitch Nauffts