A Banking System Is An Act Of

The Sentimentality Of Baseball Is Very Deeply Rooted In The American Baseball Fan. It Is The One Sport That Is Transmitted From Fathers To Sons.

What Are The Odds That People Will Make Smart Decisions About Money If They Don't Need To Make Smart Decisions--if They Can Get Rich Making Dumb Decisions? The Incentives On Wall Street Were All Wrong; They're Still All Wrong.

The Germans Made Just About Every Bad Investment You Could Have Made In The Last 10 Years. They Invested In Icelandic Banks. They Invested In Greek Government Bonds. They Were Heavy Into Irish Banks, Big Into Irish Banks, And They Bought U.s. Subprime Mortgage Bonds.

Everywhere You Turn You See Americans Sacrifice Their Long-term Interests For A Short-term Reward.

Thirdly-but Not Lastly-there Was The Bias Toward What People Saw With Their Own Eyes, Or Thought They Had Seen. The Human Mind Played Tricks On Itself When It Relied Exclusively On What It Saw. There Was A Lot You Couldn't See When You Watched A Game