---
title: "5 Subprime-mortgage-loans Quotes By Michael Lewis"
description: "5 Subprime-mortgage-loans quotes by Michael Lewis. Plus more from Michael Lewis and more Subprime-mortgage-loans sayings from other authors."
image: "https://sms4smile.com/quotes/i/f56/michael-lewis-705_customer_by-early-2005-all-the-big-wall-street-in_272379.png"
---

> [“By early 2005 all the big Wall Street investment banks were deep into the subprime game. Bear Stearns, Merrill Lynch, Goldman Sachs,…](https://sms4smile.com/quotes/michael-lewis/by-early-2005-all-the-big-wall-street-investment-banks-were-deep-into/)

[Michael Lewis](https://sms4smile.com/quotes/author/michael-lewis/)

[Image](https://sms4smile.com/quotes/i/f56/michael-lewis-705_customer_by-early-2005-all-the-big-wall-street-in_272379.png)

> [“Long Beach Savings was the first existing bank to adopt what was called the “originate and sell” model. This proved such a…](https://sms4smile.com/quotes/michael-lewis/long-beach-savings-was-the-first-existing-bank-to-adopt-what-was/)

[Michael Lewis](https://sms4smile.com/quotes/author/michael-lewis/)

[Image](https://sms4smile.com/quotes/i/fa9/michael-lewis-705_customer_long-beach-savings-was-the-first-existin_301474.jpg)

> [“Back in July 2003, he’d written them a long essay on the causes and consequences of what he took to be a…](https://sms4smile.com/quotes/michael-lewis/back-in-july-2003-he-d-written-them-a-long-essay-on-the-causes-and/)

[Michael Lewis](https://sms4smile.com/quotes/author/michael-lewis/)

[Image](https://sms4smile.com/quotes/i/dde/michael-lewis-705_alan-greenspan_back-in-july-2003-he-d-written-them-a-lo_1874982.png)

> [“Where to find the borrowers with high FICO scores? Here the Wall Street bond trading desks exploited another blind spot in the…](https://sms4smile.com/quotes/michael-lewis/where-to-find-the-borrowers-with-high-fico-scores-here-the-wall/)

[Michael Lewis](https://sms4smile.com/quotes/author/michael-lewis/)

[Image](https://sms4smile.com/quotes/i/02d/michael-lewis-705_point-of-view_where-to-find-the-borrowers-with-high-fi_2520948.jpg)

> [“It is ludicrous to believe that asset bubbles can only be recognized in hindsight,” he wrote. “There are specific identifiers that are…](https://sms4smile.com/quotes/michael-lewis/it-is-ludicrous-to-believe-that-asset-bubbles-can-only-be-recognized-2/)

[Michael Lewis](https://sms4smile.com/quotes/author/michael-lewis/)

[Image](https://sms4smile.com/quotes/i/8a8/michael-lewis-705_asset-bubble_it-is-ludicrous-to-believe-that-asset-bu_2812533.jpg)

## More by Michael Lewis

> [“Crucial decisions are made, today as thousands of years ago, in terms of the intuitive guesses and preferences of a few men in positions…](https://sms4smile.com/quotes/michael-lewis/crucial-decisions-are-made-today-as-thousands-of-years-ago-in-terms/)

[Michael Lewis](https://sms4smile.com/quotes/author/michael-lewis/)

> [“You saw someone who reminded you of you, and then you looked for the reasons why you liked him. The”](https://sms4smile.com/quotes/michael-lewis/you-saw-someone-who-reminded-you-of-you-and-then-you-looked-for-the/)

[Michael Lewis](https://sms4smile.com/quotes/author/michael-lewis/)

> [“At other places management says, ‘Well, gee, fellas, do we really want to bet the ranch on this deal?’ Lewie was not only willing…](https://sms4smile.com/quotes/michael-lewis/at-other-places-management-says-well-gee-fellas-do-we-really-want-to/)

[Michael Lewis](https://sms4smile.com/quotes/author/michael-lewis/)

> [“BILLY WOULD SAY later that his wife left him because she was unnerved by his intensity—that she could even see it in his hands…](https://sms4smile.com/quotes/michael-lewis/billy-would-say-later-that-his-wife-left-him-because-she-was-unnerved/)

[Michael Lewis](https://sms4smile.com/quotes/author/michael-lewis/)

> [“The great thing about baseball players, from the point of view of personal hygiene, is how seldom they break a sweat.”](https://sms4smile.com/quotes/michael-lewis/the-great-thing-about-baseball-players-from-the-point-of-view-of/)

[Michael Lewis](https://sms4smile.com/quotes/author/michael-lewis/)

> [There was but one question he left unasked, and it vibrated between his lines: if gross miscalculations of a person's value could occur on…](https://sms4smile.com/quotes/michael-lewis/there-was-but-one-question-he-left-unasked-and-it-vibrated-between/)

[Michael Lewis](https://sms4smile.com/quotes/author/michael-lewis/)

> [“The author refers to a player's affected nonchalance and comments he is, "too young to realize you are what you pretend to be.”](https://sms4smile.com/quotes/michael-lewis/the-author-refers-to-a-player-s-affected-nonchalance-and-comments-he/)

[Michael Lewis](https://sms4smile.com/quotes/author/michael-lewis/)

> [A banking system is an act of faith: it survives only for as long as people believe it will.](https://sms4smile.com/quotes/michael-lewis/a-banking-system-is-an-act-of-faith-it-survives-only-for-as-long-as/)

[Michael Lewis](https://sms4smile.com/quotes/author/michael-lewis/)

> [Some coaches believed they could judge a player's performance simply by watching it. In this they were deeply mistaken. The naked eye was an…](https://sms4smile.com/quotes/michael-lewis/some-coaches-believed-they-could-judge-a-player-s-performance-simply/)

[Michael Lewis](https://sms4smile.com/quotes/author/michael-lewis/)

> [“No longer were the prices of ordinary mortgage bonds allowed to roam inefficiently, for they were now linked to the CMO market, in much…](https://sms4smile.com/quotes/michael-lewis/no-longer-were-the-prices-of-ordinary-mortgage-bonds-allowed-to-roam/)

[Michael Lewis](https://sms4smile.com/quotes/author/michael-lewis/)

> [“The difference between Strauss and Ranieri?” says one trader still at Salomon. “That’s easy. Strauss wouldn’t stoop to use the men’s room on the…](https://sms4smile.com/quotes/michael-lewis/the-difference-between-strauss-and-ranieri-says-one-trader-still-at/)

[Michael Lewis](https://sms4smile.com/quotes/author/michael-lewis/)

> [“The only inexplicable aspect of the process was that economic theory (which is, after all, what economics students were supposed to know) served almost…](https://sms4smile.com/quotes/michael-lewis/the-only-inexplicable-aspect-of-the-process-was-that-economic-theory/)

[Michael Lewis](https://sms4smile.com/quotes/author/michael-lewis/)

> [“It's not easy to stand apart from mass hysteria - to believe that most of what's in the financial news is wrong, to believe…](https://sms4smile.com/quotes/michael-lewis/it-s-not-easy-to-stand-apart-from-mass-hysteria-to-believe-that-most/)

[Michael Lewis](https://sms4smile.com/quotes/author/michael-lewis/)

> [“Dont worry about where i am , i'll let you know when i get there .”](https://sms4smile.com/quotes/michael-lewis/dont-worry-about-where-i-am-i-ll-let-you-know-when-i-get-there/)

[Michael Lewis](https://sms4smile.com/quotes/author/michael-lewis/)

> [“Someone out there was using the fact that stock market orders arrived at different times at different exchanges to front-run orders from one market…](https://sms4smile.com/quotes/michael-lewis/someone-out-there-was-using-the-fact-that-stock-market-orders-arrived/)

[Michael Lewis](https://sms4smile.com/quotes/author/michael-lewis/)

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