The CDO was, in effect, a credit laundering service for the residents of Lower Middle Class America. For Wall Street it was a machine that turned lead into gold. (Michael Lewis (author))

The CDO was, in effect, a credit laundering service for the residents of Lower Middle Class America. For Wall Street it was a machine that turned lead into gold.

Michael Lewis (author)

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class credit effect gold laundering lead lower machine middle service street wall america cdo

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