Cmo Quote by Michael Lewis

If Freddie Mac is unable to raise capital, it could spark a political and financial crisis.

— Charles Duhigg

“No longer were the prices of ordinary mortgage bonds allowed to roam inefficiently, for they were now linked to the CMO market, in much…

— Michael Lewis

“Take a typical three-hundred-million-dollar CMO. It would be divided into three tranches, or slices of a hundred million dollars each. Investors in each tranche…

— Michael Lewis

“For that purpose, partly as the result of Ranieri’s persistent lobbying, two new facilities had sprung up in the federal government alongside Ginnie Mae.…

— Michael Lewis

Fixing Fannie Mae and Freddie Mac in isolation, without looking at the big picture, would be short-sighted.

— Bethany McLean

“I take my investment advice from my dentist, because he’s just as likely to lose me money as a financial advisor.”

— Jarod Kintz

I think we're not going to preserve Fannie and Freddie in anything like their current form. We're going to have to bring fundamental change…

— Timothy Geithner

Thus a long term corporate bond could actually be sold to three separate persons. One would supply the money for the bond; one would…

— Fischer Black

“Did anyone of those bullish investors ever think what would happen to the Treasury market if the Fed ever became a net seller of…

— Ziad K. Abdelnour

“If someone offered us £10 million, we’d all spend it differently.”

— John Yorke

When managers are afraid of redemptions, they get liquid. We all saw how many managers went from leveraged long in 2007 to huge net…

— Seth Klarman

“Instead, he takes those coupons from his low-return bond and—if inclined to reinvest—looks for the highest return with safety currently available.  Good money is…

— Warren Buffett