Goldman sachs Quote by Douglas Rushkoff

“bank gives some poor schmuck a mortgage at 100% the value of his property. No deposit. The bank sells the debt off to a…

— Nick Stephenson

What the mortgage bubble was all about was big banks like Goldman Sachs taking big bundles of subprime mortgages that were lent out largely…

— Matt Taibbi

“in the brave new world of absolute markets, it is not only dangerously naive to trust your mortgage broker, but based on recent scandals…

— Charles R. Morris

“And to whom were these bundles of unrecognizably mashed-up mortgages ultimately sold? Quite often, to you and me. Our pension funds, municipalities, and money-market…

— Douglas Rushkoff

“If you could really insure banks and other lenders against default risk, that might well unleash a great wave of capital into the economy.”

— Gillian Tett

“When the Goldman Sachs saleswoman called Mike Burry and told him that her firm would be happy to sell him credit default swaps in…

— Michael Lewis

“The idea, in the wake of the savings-and-loans disaster, was to spread risk outward from those immediately involved in lending to mortgage borrowers and…

— Adam Tooze

“Everything predicted by the enemies of banks, in the beginning, is now coming to pass. We are to be ruined now by the deluge…

— Thomas Jefferson

“Lenders want to have peace of mind when it comes to getting their money back plus profit – collateral is one thing that gives…

— Hendrith Vanlon Smith Jr

“give you an example. A bank gives some poor schmuck a mortgage at 100% the value of his property. No deposit. The bank sells…

— Nick Stephenson

“People who understand banks got it into the position it is in now,”

— Terry Pratchett

Goldman Sachs now has the biggest oil position in America and probably one of the biggest oil positions in the world. They're long oil.…

— Max Keiser