Quotes About Money-market

From a portfolio perspective, liabilities act like negative assets. In other words, borrowing by an individual offsets lending (ownership of bond or money-market funds) by that individual.

We were taking out mortgages we couldn't afford because they were camouflaged to look as if we had a reasonable chance of paying them back. Banks then changed the bankruptcy laws so that we could not get out of our obligations once the rates changed. Lastly, they sold us back our own mortgages, shifting back to us any of the risk through our money-market accounts and pension funds.

Were uneasiness of conscience measured by extent of crime, human history had been different, and one should look to see the contrivers of greedy wars and the mighty marauders of the money-market in one troop of self-lacerating penitents with the meaner robber and cut-purse and the murderer that doth his butchery in small with his own hand.