Michael Lewis Quotes

Back In The 1980s, The Original Stated Purpose Of The Mortgage-backed Bond Had Been To Redistribute The Risk Associated With Home Mortgage Lending. Home Mortgage Loans Could Find Their Way To The Bond Market Investors Willing To Pay The Most For Them. The Interest Rate Paid By The Homeowner Would Thus Fall. The Goal Of The Innovation, In Short, Was To Make The Financial Markets More Efficient. Now, Somehow, The Same Innovative Spirit Was Being Put To The Opposite Purpose: To Hide The Risk By Complicating It. The Market Was Paying Goldman Sachs Bond Traders To Make The Market Less Efficient.

Related Authors

• Akechi Mitsuhide
• Alvin Price
• David Cobley
• Gustav Stresemann
• Harriet Blaine
• Janna Levin
• Jimmi Simpson
• Judea Pearl
• M.S. Force
• Marshall Nicholas Rosenbluth
• Taylor Caldwell
• Togashi, Yoshihiro

Related Topics

• Quotes About Think Out Of The Box

  I have a shoebox: for ideas, fragments, snatches of conversation I hear. I scrawl it down, throw the scraps in the box. Every time I start a new script I — Shane Black

• Quotes About Done With You

  It is not your business to succeed, but to do right. When you have done so the rest lies with god. — C.S. Lewis

• Quotes About Being Surrounded By Idiots

  Lucille, please make them go away!" she moaned, her voice muffled. "Do you think I am a divine being sent from the celestial realm to guard you from the harsh — Erica Sehyun Song

• Quotes About Marrying Early

  My own husband was divorced when we met, but without kids. I don't know what I would have done if he'd had them. I got the message very early on — Ayelet Waldman

• He Broke Up With Me For No Reason Quotes

  In any relationship that comes to an end, there's never just a baseline reason why. You say, 'Oh, I broke up with my girlfriend.' Someone says, 'Why?' You say, 'Well, — Michael Rapaport