Quotes About Bond

Family is not an important thing, it's everything.

The Piranha didn't talk like a person. He said things like "If you fuckin' buy this bond in a fuckin' trade, you're fuckin' fucked." And "If you don't pay fuckin' attention to the fuckin' two-year, you get your fuckin' face ripped off." Noun, verb, adjective: fucker, fuck, fucking. No part of speech was spared. His world was filled with copulating inanimate objects and people getting their faces ripped off.

The first thing you learn on the trading floor is that when large numbers of people are after the same commodity, be it a stock, a bond, or a job, the commodity quickly becomes overvalued.

One of the reasons Wall Street had cooked up this new industry called structured finance was that its old-fashioned business was every day less profitable. The profits in stockbroking, along with those in the more conventional sorts of bond broking, had been squashed by Internet competition.

Only someone who has Asperger's would read a subprime mortgage bond prospectus

The creation of the mortgage bond market, a decade earlier, had extended Wall Street into a place it had never before been: the debts of ordinary Americans.

Had Volcker never pushed through his radical change in policy, the world would be many bond traders and one memoir the poorer.

There is a magic moment, during which a man has surrendered a treasure, and during which the man who is about to receive it has not yet done so. An alert lawyer [read bond trader] will make that moment his own, possessing the treasure for a magic microsecond, taking a little of it, passing it on.

We fought with those cocksuckers all the way down," says one Deutsche Bank trader. And, all the way down, the debt collectors at Deutsche Bank sensed the bond traders at Morgan Stanley misunderstood their own trade. They weren't lying; they genuinely failed to understand the nature of the subprime CDO.

Wall Street bond trading desks, staffed by people making seven figures a year, set out o coax from the brain-dead guys making high five figures the highest possible ratings for the worst possible loans. They performed the task with Ivy League thoroughness and efficiency.

As a rule, any loan that had been turned into an acronym or abbreviation could more clearly be called a "subprime loan," but the bond market didn't want to be clear.

An investor who went from the stock market to the bond market was like a small, furry creature raised on an island without predators removed to a pit full of pythons.

For though there was no chance of persuading a pension fund manager looking to make a longer-term loan to buy a Freddie Mac bond that could evaporate tomorrow, one could easily sell him the third tranche of a CMO.

No trader or investor wanted to poke around suburbs to find out whether the homeowner to whom he had just lent money was creditworthy. For the home mortgage to become a bond it had to be depersonalised. At

The big fear of the 1980s mortgage bond investor was that he would be repaid too quickly, not that he would fail to be repaid at all.

To have a family is real strange," said India thoughtfully. "All these people you wouldn't have anything to do with except that they're related to you.

No mother and daughter in Perdido were closer than Mary Love Caskey and Sister. But it was not to be supposed that either told the other everything she thought or knew. In fact, each of them liked to keep little secrets from the other. Secrets which could be sprung at some opportune moment to produce a grand effect, rather in the manner of a little boy tossing lighted firecrackers beneath his sister's bed while she napped on a hot summer afternoon.

A good friend is someone who gets ya drunk and then walks ya home afterwards.

Elric offered Moonglum a smile that had gratitude in it. "You are—a good friend—I wonder why . . .

What a friend I have in Charlie.

This is the thing I learned. If you take in someone else's poison—thinking you can cure them by sharing it—you will instead store it within you.

A man not of your own blood can break upon your emotions more than someone of your own blood.

What was wonderful was that even within the drunkenness of two a.m., each of you somehow recognized the more permanent worth and pleasure of the other. You may have arrived with others, will perhaps cohabit this night with others, but both of you have found your fates.

Nobody can hate like brothers," the saying goes, especially brothers (and sisters) who had a hard childhood ruled over by immigrant parents who themselves saw life as a series of impending catastrophes.