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embulldogs99

Re:The Limits of Expertise on Thursday June 14, 2018 @12:56PM (#17313115)
"suffice it to say, the complex manoeuvring of some extremely bright and learned people unwittingly triggered the financial crisis." So it wasnt the bad loans that were given to people who couldnt repay at variable interest rates prone for increases in the future? If everyone involved was truly educated, they likely would nothavs taken those loans in the first place...

Dont confuse free market behavior (all people involved in the market) with that of a highly learned population