"The securitisation of mortgages added a new dimension……" — George Soros
"The securitisation of mortgages added a new dimension of systemic risk. Financial engineers claimed they were reducing risks through geographic diversification: in fact they were increasing them by creating an agency problem. The agents were more interested in maximising fee income than in protecting the interests of bondholders. That is the verity that was ignored by regulators and market participants alike."
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George Soros
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123 Quotes by George Soros
George Soros has 123 quotes on this site.
A few more worth reading:
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Just as the process of repealing national alcohol prohibition began with individual states repealing their own prohibition laws, so individual…
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Most of the poverty and misery in the world is due to bad government, lack of democracy, weak states, internal…
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It's not whether you're right or wrong that's important, but how much money you make when you're right and how…
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The pro-Israel lobby has been remarkably successful in suppressing criticism. Politicians challenge it at their peril because of the lobby's…
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Everything adds up to a major crisis. Humanity is faced with a global energy crisis ... The core of the…
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Studying economics is not a good preparation for dealing with it.
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I passionately disagreed with Treasury Secretary Hank Paulson's plan to bail out the banks by using a public fund called…
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By creating the European Central Bank, the member states exposed their own government bonds to the risk of default. Developed…
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Globalization has rendered the world increasingly interdependent, but international politics is still based on the sovereignty of states.
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A global economy is characterized not only by the free movement of goods and services but, more important, by the…
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The collapse of the global marketplace would be a traumatic event with unimaginable consequences. Yet I find it easier to…
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If investing is entertaining, if you're having fun, you're probably not making any money. Good investing is boring.
See all 123 quotes by George Soros »
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I had very good support from Democrats and Republicans all throughout my administration. I had a very high batting average.…
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Every new development, highway, railroad, steamship line, building operation, whether it be a drainage project in old Greece or a…
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