Michael Lewis Quotes
The Moment Salomon Brothers Demonstrated The Potential Gains To Be Had From Turning An Investment Bank Into A Public Corporation And Leveraging Its Balance Sheet With Exotic Risks, The Psychological Foundations Of Wall Street Shifted, From Trust To Blind Faith. No Investment Bank Owned By Its Employees Would Have Leveraged Itself 35:1, Or Bought And Held $50 Billion In Mezzanine CDOs.
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