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The narrative you're outlining was known as "the big lie" before Trump came up with an even bigger lie in 2020. > Wall Street has its own version: Its Big Lie
by FabHK 5y ago
The narrative you're outlining was known as "the big lie" before Trump came up with an even bigger lie in 2020.
> Wall Street has its own version: Its Big Lie is that banks and investment houses are merely victims of the crash. You see, the entire boom and bust was caused by misguided government policies. It was not irresponsible lending or derivative or excess leverage or misguided compensation packages, but rather long-standing housing policies that were at fault.
> Indeed, the arguments these folks make fail to withstand even casual scrutiny. But that has not stopped people who should know better from repeating them.
https://www.washingtonpost.com/business/what-caused-the-financial-crisis-the-big-lie-goes-viral/2011/10/31/gIQAXlSOqM_story.html https://www.washingtonpost.com/business/what-caused-the-fina...