“Goldman Sachs and other investment banks understood the ensuing problem so well that they began betting against the very mortgage-backed securities they… — Douglas Rushkoff Copy Share Image
If nobody can sell mortgage-backed securities based on trillions of dollars of unpayable instruments, there's a lot less risk in the overall… — Elizabeth Warren Copy Share Image
“And to whom were these bundles of unrecognizably mashed-up mortgages ultimately sold? Quite often, to you and me. Our pension funds, municipalities,… — Douglas Rushkoff Copy Share Image
