What Caused the Financial Crisis | The 92ers_Internet

Skip to main content Main navigation Overview Dunces The Timeline Dig Deeper Flint Crisis About the Author Keep Connected The Confederacy of DuncesGo behind closed doors at the Federal Reserve, on Wall Street, and in the White House to identify the fifty people most responsible for causing the worst financial crisis since the Great Depression.See who makes up the Confederacy of Dunces One Decision at a TimeTrace the development of the financial crisis, step-by-step, through the actions of the individuals and organizations that brought the United States to its knees.Interact with the timeline What is meant by "The 92ers?"When Harvard proposed eliminating the Dean’s List in October 2002, fully 92% of upperclassmen were on the Dean’s List! Of course, if 92% of eligible people merit some sort of achievement, it can’t be much of an achievement. The list of the fifty people most responsible for the crisis – i.e. the Confederacy of Dunces – is dominated by Ivy League graduates. As demonstrated by the common denominator of an Ivy League degree, the true root cause of the financial crisis was a purely human factor; the completely false sense of omnipotence, self-importance and entitlement among the country’s elite, as well as the nurturing of these beliefs at Ivy League colleges and other elite universities. Why I wrote the book Author | Engineer | OfficerMeet Peter Schmidt Know More. The Latest "I Should Explain to You Exactly What it is I Do;" Electricity has a 'Sit-down' with Politicians No Jerome, low inflation isn't - and has never been - 'one of the major challenges of our time' Electricity - Do our leaders lie to us or are they just stupid? Sure, Exxon Makes More Money Than God, but the Government Makes More Money Than Exxon!