Nate Silver Quotes
The Alchemy That The Ratings Agencies Performed Was To Spin Uncertainty Into What Looked And Felt Like Risk. They Took Highly Novel Securities, Subject To An Enormous Amount Of Systemic Uncertainty, And Claimed The Ability To Quantify Just How Risky They Were. Not Only That, But Of All Possible Conclusions, They Came To The Astounding One That These Investments Were Almost Risk-free.
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