<html><body><p>What the mortgage <a href="https://quotes.tuteehub.com/tag/bubble-3133" style="font-weight:bold;" target="_blank" title="Click to read more quotes about BUBBLE">BUBBLE</a> was all about was <a href="https://quotes.tuteehub.com/tag/big-92" style="font-weight:bold;" target="_blank" title="Click to read more quotes about BIG">BIG</a> banks like Goldman Sachs taking big bundles of subprime mortgages that were lent out largely to low-income, <a href="https://quotes.tuteehub.com/tag/highly-4483" style="font-weight:bold;" target="_blank" title="Click to read more quotes about HIGHLY">HIGHLY</a> <a href="https://quotes.tuteehub.com/tag/risky-5532" style="font-weight:bold;" target="_blank" title="Click to read more quotes about RISKY">RISKY</a> borrowers, and applying this kind of magic-pixie-dust math to these bundles of securities and slapping AAA ratings on them.</p></body></html>

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What the mortgage BUBBLE was all about was BIG banks like Goldman Sachs taking big bundles of subprime mortgages that were lent out largely to low-income, HIGHLY RISKY borrowers, and applying this kind of magic-pixie-dust math to these bundles of securities and slapping AAA ratings on them.

Author - Matt Taibbi Subject - Banks

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What the mortgage BUBBLE was all about was BIG banks like Goldman Sachs taking big bundles of subprime mortgages that were lent out largely to low-income, HIGHLY RISKY borrowers, and applying this kind of magic-pixie-dust math to these bundles of securities and slapping AAA ratings on them.

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What the mortgage BUBBLE was all about was BIG banks like Goldman Sachs taking big bundles of subprime mortgages that were lent out largely to low-income, HIGHLY RISKY borrowers, and applying this kind of magic-pixie-dust math to these bundles of securities and slapping AAA ratings on them.

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