It ain't what you don't know that gets you into trouble, it's what you know for sure that just ain't so.
Mark Twain
You have a very nice haircut, did you do it yourself?
Morgage-backed securites,subprime loans,Trenches, it's pretty confusing,right? Does it make you feel bored? Or stupid? Well, it's supposed to. Wall Street loves to use confusing terms to make you think only they can do what they do. Or, even better, for you to leave them the fuck alone.
I am the master of my fate, and the captain of my soul.
I am happy when I'm unhappy.
A tranche is a France word meaning "a portion of something".
Get the fuck out of here.
CDO,Collateralized Debt Obligation.
He is so transparent in his self-interest that I kind of respect him.
Jamie and Charlie found markets will sell options very cheaply on things they think will never happen. So when they were wrong, they were wrong small, but when they were right, they were right big.
-- Anyone can see that there is a real estate bubble.
-- Actually, no one can see a bubble. That's what makes it a bubble.
Truth is like poetry. And most people fucking hate poetry.
Overheard at a Washington, DC bar.
So subprime loads go bad, but subprime bonds, which are made up of subprime loads, are more valuable?
Tell me the difference between stupid and illegal, and I will have my wife's brother arrested.
Everyone, deep in their hearts, is waiting for the end of the world to come.
Haruki Murakami,1Q84
Mark Twain
You have a very nice haircut, did you do it yourself?
Morgage-backed securites,subprime loans,Trenches, it's pretty confusing,right? Does it make you feel bored? Or stupid? Well, it's supposed to. Wall Street loves to use confusing terms to make you think only they can do what they do. Or, even better, for you to leave them the fuck alone.
I am the master of my fate, and the captain of my soul.
I am happy when I'm unhappy.
A tranche is a France word meaning "a portion of something".
Get the fuck out of here.
CDO,Collateralized Debt Obligation.
He is so transparent in his self-interest that I kind of respect him.
Jamie and Charlie found markets will sell options very cheaply on things they think will never happen. So when they were wrong, they were wrong small, but when they were right, they were right big.
-- Anyone can see that there is a real estate bubble.
-- Actually, no one can see a bubble. That's what makes it a bubble.
Truth is like poetry. And most people fucking hate poetry.
Overheard at a Washington, DC bar.
So subprime loads go bad, but subprime bonds, which are made up of subprime loads, are more valuable?
Tell me the difference between stupid and illegal, and I will have my wife's brother arrested.
Everyone, deep in their hearts, is waiting for the end of the world to come.
Haruki Murakami,1Q84
