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 TaibbiRelated topics
applying big bubble kind lent math mortgage slapping taking aaa banks goldman subprimeRelated quotes
Reckless people have deluded themselves that this was a subprime crisis. But we have problems with credit-card debt, student-loan debt, auto loans, commercial real estate loans, home-equity loans, corporate debt and loans that financed leveraged buyouts... We have a subprime financial system, not a subprime mortgage market.
Nouriel Roubini
Security people are often the black-and-white kind of people that I can't stand. I think the OpenBSD crowd is a bunch of masturbating monkeys, in that they make such a big deal about concentrating on security to the point where they pretty much admit that nothing else matters to them.
Linus Torvalds
I started to understand that for me, art was no longer about self-expression but about creative engagement with the world. I started to respond in an excited way to making work inside an industry and not feeling the constraints of audience expectation as some kind of thing that I should avoid.
Ayad Akhtar
