Customer Quote by Michael Lewis

“The U.S. stock market was now a class system, rooted in speed, of haves and have-nots. The haves paid for nanoseconds; the have-nots had…

— Michael Lewis

“Fifteen years ago, this would have been insider trading, but that quaint concept had disappeared a decade or two ago when so many brokers…

— Max Barry

“The U.S. stock market was now a class system, rooted in speed, of haves and have-nots. The haves paid for nanoseconds; the have-nots had…

— Michael Lewis

“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

“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

“The big banks and the exchanges have a clear responsibility to protect investors—to handle investor stock market orders in the best possible way, and…

— Michael Lewis

“If anything, the unmistakable clues provided by the reports that highly intelligent and politically aware central bankers and Treasury officials became, as a collective,…

— Bernard Connolly

Incredibly, at this critical juncture in financial history, after which so much changed so quickly, the only constraint in the subprime mortgage market was…

— Michael Lewis

“Markets are actually set up so that most traders must lose money”

— Alexander Elder

“People ignore facts which contradict the theory in the mind of the investor. Dis-confirming evidence must be seeked out to beat this theory.”

— Manoj Arora

“American bond traders may have sunk their firms by turning a blind eye to the risks in the subprime bond market, but they made…

— Michael Lewis

“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