Michael Lewis
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The sun is high, the land brilliant and beautiful
this morning as I tend the flock, the whole
camp behind me, the land before, the burning […]
No one saw it coming. In April 2005, former Federal Reserve Board Chairman Alan Greenspan spoke glowingly of the burgeoning subprime mortgage industry. At his Senate confirmation hearings a few months later, current Chairman Ben Bernanke similarly disavowed any danger of a housing bubble. Policymakers, financiers, and captains of industry have spoken in near-unanimous chorus: […]
