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In celebration of Barry Ritholtz's critically-acclaimed new book Bailout Nation, he held The Big Picture Conference, which I was fortunate to attend.

Here are the main points from the most reputable speakers, Congressman Alan Grayson, Nassim Taleb, Doug Kass, and Josh Rosner.

Florida Congressman Alan Grayson discussed how systemic risk is an excuse for socialism and that interconnectedness is the main reason that these institutions are "too big to fail." In fact, these institutions no longer hold social or economic purpose, they are simply too big to exist.

Continue reading The 'big picture' of our economy

The 'big picture' of our economy originally appeared on BloggingStocks on Mon, 08 Jun 2009 14:00:00 EST. Please see our terms for use of feeds.

Permalink | Email this | Comments]]>Alan GraysonBailout NationBarry RitholtzBig Picture ConferenceBlack SwanDoug KassFannie MaefeaturedFNMFREFreddie MacJosh RosnerNassim TalebTimothy GeithnerMon, 08 Jun 2009 14:00:00 EST