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University in new jersey where with introducing professors have also written books. Now on your screen a familiar face and name to those in economic circles. This is alan blinder, or fess up economics, former vice chair of the Federal Reserve as well. His most recent book, after the music stopped the financial crisis, the response, and the work ahead. Professor blinder, who caused the recession . Guest wow, this is one of those things like how long do you have for an explanation . I think you start with the pogo principle. It was us and the us is mainly in this case people speculating on houses, people taking mortgages. They thought they knew or have to knew they couldnt afford and more sophisticated people. That was the ordinary people. Then you had the allegedly more sophisticated people that turned out not to be so sophisticated who are at the other end of this food chain buying up the crazy securities that wall street built on the crazy mortgage. So the pogo people, that cisco thos

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