When American financiers were flogging subprime mortgages back in the credit boom, were they completely delusional? Or were they driven by cynicism and greed? Did they, in other words, know that the housing market was a bubble – or did they actually believe their own hype, even as the frenzy grew?
回望当初的信贷繁荣期,当美国金融家兜售次级抵押贷款(subprime mortgage)时,他们是完全处于幻觉中,还是出于玩世不恭和贪婪?换言之,他们是知道楼市有泡沫,还是尽管看到楼市在疯狂增长,却真的相信自己的宣传?
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