"The last and most painful irony is that……" — Bethany McLean
"The last and most painful irony is that the two longtime rival armies in the securitization market - the investment banks and the GSEs - would end up magnifying each other's sins rather than keeping each other in check."
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Bethany McLean
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12 Quotes by Bethany McLean
Bethany McLean has 12 quotes on this site.
A few more worth reading:
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Building a portfolio around index funds isn’t really settling for the average. It’s just refusing to believe in magic.
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In capital we trust. Capital is our savior, our holy grail, our fountain of youth, or at least health, for…
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Home ownership was the fig leaf for the rise in subprime lending. But that was really about cash-out refinancings, not…
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Fixing Fannie Mae and Freddie Mac in isolation, without looking at the big picture, would be short-sighted.
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When Warren Buffett invests in a company, he is conferring upon that company something very unique: his credibility.
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The big banks advise cities about whether privatization is a wise choice. They also control the ability of states and…
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Privatization of assets that most of us consider public goods - like airports and highways - has a long, often-uncontroversial…
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Proponents of privatization argued that cities and states needed private capital to fund all the upgrades that our decaying infrastructure…
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No city embraced privatization more eagerly than Chicago, where I live.
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Before Enron, I think people were a bit more naive about the way things worked, and I think Enron pulled…
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Google worries - and rightly so - about how hard it is for a big company to come up with…
See all 12 quotes by Bethany McLean »
More Armies Quotes
This quote is filed under Armies Quotes,
one of 287 quotes in that category. Here are a few more:
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That is the great mistake about the affections. It is not the rise and fall of empires, the birth and…
— Amelia Barr
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Justice is an unassailable fortress, built on the brow of a mountain which cannot be overthrown by the violence of…
— Joseph Addison
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The only really committed artist is he who, without refusing to take part in the combat, at least refuses to…
— Albert Camus
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For good or for ill, air mastery is today the supreme expression of military power and fleets and armies, however…
— Winston Churchill
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Many African leaders refuse to send their troops on peace keeping missions abroad because they probably need their armies to…
— Kofi Annan
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God is on everyone's side... and in the last analysis, he is on the side with plenty of money and…
— Jean Anouilh
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Rule 1, on page 1 of the book of war, is: 'Do not march on Moscow'... Rule 2 is: Do…
— Bernard Law Montgomery
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Evil does exist in the world. A non-violent movement could not have halted Hitler's armies. Negotiations cannot convince al Qaeda's…
— Barack Obama
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The students I've been with these twenty years are looking for a world where it becomes a little easier to…
— Colman McCarthy
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If you are situated at a great distance from the enemy, and the strength of the two armies is equal,…
— Sun Tzu
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The supreme excellence is not to win a hundred victories in a hundred battles. The supreme excellence is to subdue…
— Sun Tzu
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When other Generals make mistakes their armies are beaten; when I get into a hole, my men pull me out…
— Duke of Wellington
See all 287 Armies Quotes »