“Taleb wrote: “to me a banking crisis –worse than what we have ever seen — was unavoidable and NOT A BLACK SWAN, just as a drunk and incompetent pilot would eventually crash the plane. And I kept receiving insults for 12 years!” ”

Yeah, Taleb, because your theory is still idiotic. This was predictable not because it was unavoidable. It was predictable because the specific actions needed to avoid it, letting the free market determin interest rates, was not done.

Of course, lowering interest rates below the market price is going to result in this mess. Nothing unavoidable about it. Could have just fired Alan Greenspan, abolished the Fed and we would have been fine.