Matt Taibbi Quotes:
Ocupation: Author
Life: b. March 2, 1970
Birthday: March 2
What the mortgage bubble was all about was big banks like Goldman Sachs taking big bundles of subprime mortgages that were lent out largely to low-income, highly risky borrowers, and applying this kind of magic-pixie-dust math to these bundles of securities and slapping AAA ratings on them.
topic: Math, Dust, Magic, Pixie Dust, Borrowers, Pixies, Goldman Sachs, Slapping
