In 2015, Richard Fuld, the last CEO of Lehman Brothers, gave a talk in which, according to an article in the Wall Street Journal, "He outlined what he called the 'perfect storm' of events that led to the financial crisis, saying 'it all started with the government' and policies that subsidized cheap loans for people to buy homes in order to help them chase the American dream."
a. Briefly outline the events that led to the financial crisis. Do you agree with Fuld that the events constitute a "perfect storm"-that is, a series of unfortunate events happening at the same time in a way that would have been difficult to anticipate?
b. Which government policies mentioned in the chapter could be said to be subsidizing cheap loans? What does Fuld mean by saying that these policies were intended to help people "chase the American dream"?