Chapter 1: Economic Collapse: It Is Their Fault

1. Robert Shiller, “Challenging the Crowd in Whispers, Not Shouts,” New York Times, November 1, 2008,

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,

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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