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Pride is an issue, too, I think. The hotshots on Wall Street don't want to admit they don't understand something, so they nod and allow young punks to lead them astray.

Partial explanation for Wall Street meltdown here. (Caveat: loan originators in the trenches sold only what was offered to them. We created nothing.)

The Untouchables: FRONTLINE investigates why Wall Street’s leaders have escaped prosecution for any fraud related to the sale of bad mortgages.
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