Senator JOHN MCCAIN (Democrat, Arizona): A bubble occurs when prices are driven up too quickly, speculators move into markets and these players begin to suspend the normal rules of risk and assume that prices can only move up, but never down.

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McCAIN: A bubble occurs when prices are driven up too quickly, speculators move into markets, and these players begin to suspend the normal rules of risk, and assume that prices can only move up but never down.

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And with such a broad definition of risk, it's fair to assume that if the newly mundane banks are able to retain any of their talent, that the talent will quickly figure out ways around the rules set by regulators.

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They assume that because Taleb writes about unseen and improperly calculated risks, his objective must be to reduce or eliminate risk.

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