Whenever Wall Street people tried to argue-as they often did-that the subprime lending problem was caused by the mendacity and financial irresponsibility of ordinary Americans, he'd
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In "The Big Short," Michael Lewis explores the events leading to the financial crisis, particularly focusing on the role of subprime lending. He highlights the common narrative presented by Wall Street, which blames ordinary Americans for their financial troubles, painting them as dishonest and irresponsible. This perspective often serves to divert attention from the systemic issues within the financial industry.
Lewis challenges this viewpoint by emphasizing that the crisis was fueled...
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