Long beach Quote by Michael Lewis

“Because the lenders sold many—though not all—of the loans they made to other investors, in the form of mortgage bonds, the industry was also…

— Michael Lewis

We survived for hundreds of years under the old banking structure. You'd have clearing banks, then merchant banks doing the racy stuff, and then…

— Theo Paphitis

“The creation of the mortgage bond market, a decade earlier, had extended Wall Street into a place it had never before been: the debts…

— Michael Lewis

The S.B.A. does not lend directly to businesses, but instead backs loans to encourage banks to invest in small businesses as part of a…

— Karen Mills

“A big Wall Street bank’s biggest advantage was its access to vast amounts of cheap risk capital and, with that, its ability to survive…

— Michael Lewis

Prior to the 2008 recession, many financial institutions were engaging in 'proprietary lending,' where a bank would invest funds for its own gain instead…

— Seth Moulton

“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

What's breaking into a bank compared with founding a bank?

— Bertolt Brecht

The big Wall Street firms, seemingly so shrewd and self-interested, had somehow become the dumb money. The people who ran them did not understand…

— Michael Lewis

“The sudden introduction of these magic mortgage bonds into the marketplace pushed most every major institutional investor in the world to suddenly become consumed…

— Matt Taibbi

“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

Banks were once places to hold money and were very careful in lending to finance families as they built a future - bought homes,…

— Elizabeth Warren