Help me Quote by Jenna Lee

“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

“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

Get-educated-quick schemes are usually about as sound as subprime mortgage-backed securities: Enticing but basically fraudulent.

— Tucker Carlson

“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

The overwhelming majority of new mortgages are issued with government backing in a highly concentrated securitization market. That leaves us with both potential taxpayer…

— Jerome Powell

If nobody can sell mortgage-backed securities based on trillions of dollars of unpayable instruments, there's a lot less risk in the overall system.

— Elizabeth Warren

“Goldman Sachs and other investment banks understood the ensuing problem so well that they began betting against the very mortgage-backed securities they were underwriting!”

— Douglas Rushkoff

When you read that UBS did not even view parts of its mortgage portfolio as having market risk, it becomes very obvious that a…

— Kenneth C. Griffin

“Mortgage lending is often a common service used by people who cannot afford to make the full payment of a mortgage.”

— LegalMatch

“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

“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

Securities based on risky mortgages are what toppled financial institutions but it was the government that made the mortgages risky in the first place,…

— Thomas Sowell