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Disdain for FUD—and for the type of

person who tends to experience it—is

what helped cause the crash, says

Boykin Curry, a managing director of

the investment firm Eagle Capital, who

had front-row seats to the 2008 meltdown.

Too much power was concentrated

in the hands of aggressive risktakers.

“For twenty years, the DNA of

nearly every financial institution

… morphed dangerously,” he told

Newsweek magazine at the height of the

crash. “Each time someone at the table

pressed for more leverage and more

risk, the next few years proved them

‘right.’ These people were emboldened,

they were promoted and they gained

control of ever more capital. Meanwhile,

anyone in power who hesitated,

who argued for caution, was proved

‘wrong.’ The cautious types were increasingly

intimidated, passed over for

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