Financial crisis been blamed on people with Asperger's! (wtf

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It did start as a social justice campaign and that's the tragedy of it. I remember being in favor of it. It seemed like such a good and noble idea at the time. It just backfired horribly.

UM WTF?? That racist B@$73d..............
Saying that aspergers people caused the finacial crisis is like saying Blacks caused global warming...

That's the kind of thing that gets my dad fired up, its where he starts trying to remind me that liberals are 'first-stage thinkers', they they think 'Wouldn't it be great if', never think their actions through all the way, and when their good intentions lead to smoking ruins the ignore the result and go on to the next big thing to try.

I agree that the aims were noble in terms of hoping to get the poor into the capital market, however I think giving them the tools to pay for it, or the enhanced education workshops for adults to get the job to get the house, would have been a much brighter idea since breaking the standards was going to mean 'for all'. Supposedly the CRA's actually had a lower default rate than the rest of the market but - the trouble really is that a much broader regulatory metric got tampered with than just their own isolated case or area. Politicians really need to do their research and know what it is they're getting into before they start tampering with this stuff. On the other hand, when they throw logic and due diligence out the window and go populist - then I agree - its first stage thinking, whether its liberals or conservatives doing it (the 'dumbing' down of politics cheapens the results on both sides horrificly).

Pretty sure NT's didn't predict the discovery of the black swan, just because something is a left-of field unlikely scenario doesnt mean people with AS are less likely to predict it than other people. World don't blame your greed and insane lending habits on AS! Can't say I know of any people on the spectrum in anything to do with finance anyway other than helping with tax returns or something.

I never thought of President Bush as a liberal but okay...

Won't say his policies didn't end up being part of the problem, but it wasn't him or technically a president at all that enacted them. It was congress over a long stretch of time (when you look at CRA 1977 and then the interpretations of it that sprung up in the 90's and the expansion of that you see how it came together).

There's the housing industry itself. In my state I see commercials on television about how important the housing industry is, how it grows the economy, how important it is to build and sell new homes. There's a breakdown of how many jobs each house that's sold creates. That's an enormous amount of pressure to grow the industry from the industry itself. It's not just a matter of a bunch of libs getting together and deciding minorities who cannot afford housing should be given loans no matter what. It's very complex and interdependent on one another. I wouldn't put the blame on any one group because so many different groups are at fault.
So basically there's
1. the housing industry wants to build and sell houses at a massive rate
2. the lenders want to mortgage houses on a massive scale
3. the guys in Wall Street securities firms want massive amounts of CDOs to sell overseas.

Then, on the outside, you have these "libs" who want to see poor folk become homeowners. They are just a small fraction of it.

Right, I completely agree that all of these were at fault. However, I would argue that the first three you mentioned didn't have the tools to shatter the ceiling so to speak or rub off the regulation. The last came from a place of moral infalibility - where you can't argue against them without getting some truly awful pejoratives thrown at you, hence that group was much more effective at getting done what the previous groups couldn't.

I can agree, it seems the exact opposite is true, the financial crises was due to the lack of aspies.
Michael Burry, an aspie, saw the financial train wreck coming and was the first person to buy a credit default on subprime. There is a book about this called the Big Short.
Wall Street did not see this train wreak coming until it actually hit them, by then it was too late.
This is how I found out about aspies, as I am involved in investing too and saw the story about Michael Burry.

Harry Markopolos, perhaps an aspie, figured out Bernie Madoff's ponzi scheme tried to tell the SEC on multiple times with a mountain of evidence what Madoff was doing, but SEC did nothing.