Federal Reserve 'Will Be Gone' In 25 Years, Top Financial Mind Predicts, Despite Geithner's Vote Of Confidence

The Huffington Post reports:

A mere half-hour after Treasury Secretary Timothy Geithner praised the "necessary" and "very substantial" actions of the Bush and Obama administrations to "break the back of the financial crisis," one of the world's leading financial minds said Thursday that the United States is in the same economic predicament today as it was in 2007, predicting that within 25 years the Federal Reserve "will be gone."

Nassim Nicholas Taleb, renowned derivatives trader, university professor and author of "The Black Swan," warned a gathering in Washington of the growing risk the nation has taken on as a result of poor decisions by the Fed and policymakers, including trillions of dollars in taxpayer money funneled into bailouts of private industry.