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> The reality is it was the upper-middle class, non finance professionals just thinking they were savvy. But also lots of highly educated Ivy League Finance fo
by adamsmith143 4y ago
> The reality is it was the upper-middle class, non finance professionals just thinking they were savvy.
But also lots of highly educated Ivy League Finance folks who thought they were smarter than the were. Hence Bear Stearns, Lehman Brothers, AIG, Merill Lynch, etc.
- mywittyname 4y agoThese people bankrupted two long-time pillars of in industry in a matter of months. That's impressive.