The last and most painful irony is that the two longtime rival armies in the securitization market - the investment banks and the GSEs - would end up magnifying each other's sins rather than keeping each other in check.
Home ownership was the fig leaf for the rise in subprime lending. But that was really about cash-out refinancings, not buying homes. - Bethany Mclean
Home ownership was the fig leaf for the rise in subprime lending. But that was really about cash-out refinancings, not buying homes.
- Bethany Mclean
The last and most painful irony is that the two longtime rival armies in the securitization market - the investment banks and the GSEs - would end up… - Bethany Mclean
The last and most painful irony is that the two longtime rival armies in the securitization market - the investment banks and the GSEs - would end up…
So Merrill Lynch has launched its first campaign in years to advertise the accomplishments of its investment banking business. The ads feature things… - Bethany Mclean
So Merrill Lynch has launched its first campaign in years to advertise the accomplishments of its investment banking business. The ads feature things…
Building a portfolio around index funds isn’t really settling for the average. It’s just refusing to believe in magic. - Bethany Mclean
Building a portfolio around index funds isn’t really settling for the average. It’s just refusing to believe in magic.
I think synergies are a lot like UFOs: Lots of people claim to have seen them, but few can actually prove they exist. - Bethany Mclean
I think synergies are a lot like UFOs: Lots of people claim to have seen them, but few can actually prove they exist.
... skepticism about past returns is crucial. The truth is, much as you may wish you could know which funds will be hot, you can't - and neither can … - Bethany Mclean
... skepticism about past returns is crucial. The truth is, much as you may wish you could know which funds will be hot, you can't - and neither can …
No city embraced privatization more eagerly than Chicago, where I live. - Bethany Mclean
No city embraced privatization more eagerly than Chicago, where I live.
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