Ch 2 - My Journey of Disillusionment

July 2007 - interbank interest rates spike - $3 trillion in subprime mortgages

1999 Revision made to the Glass-Steagall Act. This removed the glass wall between banking and investment operations.

September 11 2001 Terrorist attacks on the twin towers

After 2001 Almost anyone can get a mortgage

2012 Wells Fargo settled suit for $175 million paid to 30,000 victims for targeting black neighborhoods for so-called ghetto loans.

2011 Author starts job at Intent Media as a data scientist

September 2008 Lehman Brothers files for bankruptcy. This bank owned 20% of D.E. Shaw, where the author was working.

2009 - Author leaves D.E. Shaw - The lessons of the market collapse had brought no new direction to the world of finance and had instilled no new values.