Financial Quote by Thomas Sowell

“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 bottom line is that the government has artificially mitigated lenders’ risk, and it has done so on the perverse, altruistic premise that “society”…

— Yaron Brook

“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

No one pushed harder than Congressman Barney Frank to force banks and other financial institutions to reduce their mortgage lending standards, in order to…

— Thomas Sowell

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

“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

Riskier mortgage lending practices, imposed by government, were what set the stage for many mortgage payments to stop and thus for the financial disasters…

— Thomas Sowell

Home purchases that are very highly leveraged or unaffordable subject the borrower and lender to a great deal of risk. Moreover, even in a…

— Ben Bernanke

“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

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

— Tucker Carlson

Risk managers and investment bankers and actually, all kinds of investors took on more risk than they expected. So there was a failure of…

— Robert F. Engle

The securitisation of mortgages added a new dimension of systemic risk. Financial engineers claimed they were reducing risks through geographic diversification: in fact they…

— George Soros