There was an interview with a fund manager, after the toxic asset crash. The person said they had known the bubble would burst but the (short term, on-paper) pr

There was an interview with a fund manager, after the toxic asset crash. The person said they had known the bubble would burst but the (short term, on-paper) profits were so high that they bought anyway in fear of customers moving their money to other funds if they didn't. Sort of a collective chicken race towards a hard wall.