“They took the basic subprime losses and magnified them to a point at which no one — not banks, not investors, not entire governments — could bear the cost of the massacre that followed.”
“The problem is that even when only some of the people get fooled, all of us are paying all of the time.”
Banks should tell the truth.
To everyone.
“Wall Street is the factory for all the financial products in the United States, and you can’t allow a factory to put out some poisonous products and claim the rest are healthy.”
