Quotes About Mortgage-backed

I've got a huge, huge position in mortgage-backed securities. I started accumulating them in 2009, when the market was really down and things were really scary.

In my first meeting with Vladimir Putin in the spring of 2001, he complained that Russia was burdened by Soviet-era debt. At that point, oil ws selling for $26 per barrel. By the time I saw Putin at the APEC summit in Sydney in September 2007 oil had reached $71--on its way to $137 in the summer of 2008. He leaned back in his chair and asked how were Russia's mortgage-backed securities doing.

agencies began to downgrade scores of RMBS CDOs (short for 'residential mortgage-backed security collateralized debt obligations', the very term testifying to the over-complex nature of these products).

American business would be run better today if there was more alignment between CEOs' interest and the company. For example, would the financial crisis of 2008 have occurred if the CEO of Lehman and Morgan Stanley and Goldman and Citibank had to take a very small percentage of every mortgage-backed security... or every loan they made?