Page 7 - Human Perception News Today

Back on what happened, there was so much propaganda in the air. there was this kind of collective thing, group thing on wall street that this all was okay. this business. it was obviously insane. nobody wanted to say no. it was almost rude to say that this is a disaster. in the making. so the people who said that in the first place were socially equipped to say it. they we they were kind of walled off. one of them had asburgers syndrome. he was just looking at data. that was the first ingredient...

When i walked into this story and decided to write another book about wall street, which i didnt think i would ever do, was that the whole system had organized itself around this bet. i mean, the whole system was basically on the other side of the bet. the whole system was betting on the subprime mortgage market in one way or another. so few people were on the other side. so few people saw what was happening. but they really did see what was happening and they could describe it and persuade you,...

Tell it. >> but this is the problem. you know, when you ask, even the people who are most cynical about what happened, were they crooks? or delusional? did they believe their lie or now believe the lie kind of thing. most of them would say there were some crooks, but mainly they were delusional. the story ive written, what interested me about the story was that it was as much about human perception as anything else. you had this set of facts in the financial world about the relative soundness of...

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