Matt Taibbi Quotes

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.

Matt Taibbi

Recitation: by Male by Female

Author Biography

  • Author Profession: author
  • Nationality: american
  • Birth: March 2, 1970

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