Globalization/ dot com boom
IBSC recorded inflated (large values for this sector)
On page 102, counted lots of things as output in the sector, risks showed up as growthFinancial sector had large amounts of fraud/manipulation, contributed to gaps between rich and poor
Confident in Federal Reserves monetary policy under Greenspan to fix issues should they occur
Problems attributed to small number of malfeasants rather than systematic issues
Short term profit maximization/ value to consumers