The Smartest Guys in the Room

Excerpts about financial bubbles from Warren Buffet's testimony to the Financial Crisis Inquiry Commission (FCIC) testimony (FCIC) and a brief comment by economics professor and (Nobel Economics Awardee) Robert Shiller in which he mentions his feeling that he was 'fired' by New York Federal Reserve Bank Chairman Timothy Geithner for giving a presentation on financial bubbles. [Michael Burry and Black Swans, Key words search "Betting on The Blind Side" By Michael Lewis - Vanity Fair - April 2010}.

Interesting to note that Before he became the President of the New York Federal Reserve Bank Mr. Geithner served as a Treasury Department Attache in the U.S. Embassy in Tokyo, Japan. That was during the time that Japan's commercial real estate bubble deflated, causing Japan's asset value crash, at the beginning of what they call "Japan's Lost Decade".

Видео The Smartest Guys in the Room канала Bill George