CNBC interviewed Nouriel Roubini, RGE Monitor, and Nassim Taleb, The Black Swan author. You need to watch this! These two are rightly famous because they both predicted the economic mess we are in more than a year ago. The reason we are in such a mess? Our banks were too big and too highly leveraged. Both of them state that we need to look at a completely new way of doing business, and we must start by ridding Wall Street of those who made the mistakes in the first place. This is the exact position we at Shambollocks! have taken since this crisis began.

What makes this video must-see is that it sums up for me the problem we have in America right now. Wall Street does not want to reform. They don’t believe they did anything wrong. Basically, their attitude is ‘Shit happens’. The round table of CNBC talking head twats continue to ask these esteemed economists variations ot the same questions- “How can I get my money back?” The answer these economists give is we won’t get our money back, unless we completely change the system. That is not what CNBC wants to hear. Their ad revenue comes from Wall Street. Wall Street doesn’t want things to change. Neither do the politicians.

Geithner’s bailout will fail just as Paulson’ did. We need to take over the banks, fire everyone in their leadership, and start from scratch. Of course, that’s an awful lot of responsibility. So our government doesn’t want to do it. And Wall Street doesn’t want to be punished. Sigh. It’s a rigged system.

Follow these guys advice. Cash is king. Do not spend. Save. Credit like we knew will never happen again, and if it does, it will burst again. Don’t trust Wall Street.