Evidence

Format Web Page

"Outstanding small loans to U.S. businesses and farms fell by more than $14 billion between June 2008 and June 2009."

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Location PART 2 - FOUR HIDDEN CHIMNEYS CHAPTER 8: THE SHIELD OF SCREWTAPE Back With Satoshi

Source title Small business lending

Source authors Elizabeth A. Duke

Source year 2010

Confidence high

Importance high

Format Web Page

"AIG Financial Products wrote credit-default-swap protection on billions of dollars of multi-sector CDOs before the government intervened to stabilize AIG."

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Location PART 2 - FOUR HIDDEN CHIMNEYS CHAPTER 8: THE SHIELD OF SCREWTAPE Back With Satoshi

Source title American International Group

Source authors Donald L. Kohn

Source year 2009

Confidence high

Importance high

Format Web Page

"On September 16, 2008, the Federal Reserve authorized up to $85 billion of secured lending to AIG."

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Location PART 2 - FOUR HIDDEN CHIMNEYS CHAPTER 8: THE SHIELD OF SCREWTAPE Back With Satoshi

Source title Federal Reserve Board, with full support of the Treasury Department, authorizes the Federal Reserve Bank of New York to lend up to $85 billion to the American International Group (AIG)

Source authors Board of Governors of the Federal Reserve System

Source year 2008

Confidence high

Importance high

Format Web Page

"On October 14, 2008, the U.S. Treasury announced a TARP capital program providing up to $250 billion for qualifying U.S. financial institutions."

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Location PART 2 - FOUR HIDDEN CHIMNEYS CHAPTER 8: THE SHIELD OF SCREWTAPE Back With Satoshi

Source title Treasury Announces TARP Capital Purchase Program Description

Source authors U.S. Department of the Treasury

Source year 2008

Confidence high

Importance high

Format Web Page

"Viktor Shvets argues that financialization can accelerate technological development by supplying abundant capital at lower cost."

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Location PART 2 - FOUR HIDDEN CHIMNEYS CHAPTER 8: THE SHIELD OF SCREWTAPE Selling Our House

Source title Alan Kohler: The Fujiwara Effect – three cyclones of the modern world

Source authors Alan Kohler

Source year 2024

Confidence high

Importance mid

Format Web Page

"Viktor Shvets estimates that global financial assets amount to roughly five to ten times global GDP, a structure he calls the “cloud of finance”."

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Location PART 2 - FOUR HIDDEN CHIMNEYS CHAPTER 8: THE SHIELD OF SCREWTAPE Selling Our House

Source title Alan Kohler: The Fujiwara Effect – three cyclones of the modern world

Source authors Alan Kohler

Source year 2024

Confidence high

Importance high

Format Book / Offline paper

"Clive Thompson describes a post-2008 cohort of “brogrammers” who might previously have pursued Wall Street careers but instead found an avenue to wealth and power in Silicon Valley."

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Location PART 2 - FOUR HIDDEN CHIMNEYS CHAPTER 8: THE SHIELD OF SCREWTAPE Selling Our House

Source title Coders

Source authors Clive Thompson

Source year 2019

Confidence high

Importance high

Format Web Page

"By 2014, technology and engineering was the second-most-popular industry among working Harvard seniors, attracting 15 percent of them."

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Location PART 2 - FOUR HIDDEN CHIMNEYS CHAPTER 8: THE SHIELD OF SCREWTAPE Selling Our House

Source title Class of 2014, By The Numbers

Source authors Rebecca D. Robbins

Source year 2014

Confidence high

Importance mid

Format Online paper / PDF

"The 2008 financial crisis caused a large decline in entry-level finance jobs available to MIT graduates, especially in less-quantitative finance such as investment banking."

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Location PART 2 - FOUR HIDDEN CHIMNEYS CHAPTER 8: THE SHIELD OF SCREWTAPE Selling Our House

Source title Are the “Best and Brightest” Going into Finance? Career Choice and Skill Development of MIT Graduates

Source authors Pian Shu

Source year 2014

Confidence high

Importance high

Format Web Page

"Among Harvard seniors seeking full-time work, the share entering finance and consulting fell from 47 percent in 2007 to 20 percent in 2009."

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Location PART 2 - FOUR HIDDEN CHIMNEYS CHAPTER 8: THE SHIELD OF SCREWTAPE Selling Our House

Source title Surveying the Class

Source authors Paras D. Bhayani

Source year 2009

Confidence high

Importance high