2009-01-29 — bloomberg.com
“Banks are being bailed out, and private-equity firms are going to go next,†Taleb said in an interview with Bloomberg Radio. “These people in a bull market look like geniuses. And now they don’t look that intelligent, and it’s going to get a lot worse for them. If the S&P goes down 20 percent from here, what will happen to private equity firms? They’re all under water.â€
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