Jun 14
Tony left a comment on the Interview with Weakonomics . Here is what he said: A great interview, thanks. I have a similar point of view (I was a UK bank insider until the end of 2007) and can tell the same story: there was a “groupthink” that residential (and commercial) property would keep rising in value indefinetely - it didn’t matter if a borrower defaulted on their loan as the bank could easily resell the property and clear the debts. EVERYONE was responsible: bankers wanted their bon
