Notes

Chapter 1: Economic Collapse: It Is Their Fault

1. Robert Shiller, “Challenging the Crowd in Whispers, Not Shouts,” New York Times, November 1, 2008, www.nytimes.com/2008/11/02/business/02view.html?_r=2.

2. Nassim Nicholas Taleb, The Black Swan: The Impact of the Highly Improbable (New York: Random House, 2007).

3. Dean Baker, “The Run-Up in House Prices: Is It Real or Is It Another Bubble?” Center for Economic and Policy Research (Washington DC), 2002, www.cepr.net/index.php/publications/reports/the-run-up-in-home-prices-is-it-real-or-is-it-another-bubble/.

4. Many of the people who took out subprime mortgages during this period were actually eligible to get prime mortgages. Mortgage issuers stood to earn larger fees from selling subprime ...

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