Michael Lewis Quotes

How Wall Street Investment Banks Somehow Had Conned The Rating Agencies Into Blessing Piles Of Crappy Loans; How This Had Enabled The Lending Of Trillions Of Dollars To Ordinary Americans; How The Ordinary Americans Had Happily Complied And Told The Lies They Needed To Tell To Obtain The Loans; How The Machinery That Turned The Loans Into Supposedly Riskless Securities Was So Complicated That Investors Had Ceased To Evaluate Risks; How The Problem Had Grown So Big That The End Was Bound To Be Cataclysmic And Have Big Social And Political Consequences.

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