Ch 2 - My Journey of Disillusionment
Category: Other
Updated: 7 Dec 2018
Contributors
Created byRomas Krivelis
Attachments
Events
July 2007
- interbank interest rates spike
- $3 trillion in subprime mortgages1999
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 towersAfter 2001
Almost anyone can get a mortgage2012
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 scientistSeptember 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.
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