Quote:
Originally Posted by Pie
His advice wasn't a lie. It was short-sightedness, optimism, and a willingness to suspend belief in the primacy of gravity.
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It was a lie, just not personal. He didn't know it was a lie, because it was institutionalized. Bankers may not have seen the bubble was going to burst in such a catastrophic way, after all it was underwritten by institutions too big to fail, but they had to see it couldn't continue the way it had.