Taleb Says ‘Fuzzy’ Regulation Works Better Than Clear-Cut Rules – Bloomberg.com

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Nov. 3 (Bloomberg) -- Nassim Taleb, author of “The BlackSwan,” said “fuzzy” regulations are better than clear-cutrules in preventing future financial crises.

“People game the system because they know the ropes,”Taleb told a group of hedge fund traders in London. “The moreregulations you have, the more you make lawyers and derivativestraders rich.”

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