Bethany McLean quotes
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“The last and most painful irony is that the two longtime rival armies in the securitization market - the investment banks and the GSEs - would end up magnifying each other's sins rather than keeping each other in check.”
-- Bethany McLeanSource : Bethany McLean, Joe Nocera (2011). “All the Devils Are Here: The Hidden History of the Financial Crisis”, p.189, Penguin
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“Building a portfolio around index funds isn’t really settling for the average. It’s just refusing to believe in magic.”
-- Bethany McLean -
“No city embraced privatization more eagerly than Chicago, where I live.”
-- Bethany McLean -
“Home ownership was the fig leaf for the rise in subprime lending. But that was really about cash-out refinancings, not buying homes.”
-- Bethany McLean -
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“So Merrill Lynch has launched its first campaign in years to advertise the accomplishments of its investment banking business. The ads feature things like Merrill's recapitalization of Sierra Pacific. I guess including "helping Enron achieve its earnings goals in 1999" might be a little awkward given that Merrill Lynch bankers are currently on trial in Houston for that "accomplishment."”
-- Bethany McLean -
“I think synergies are a lot like UFOs: Lots of people claim to have seen them, but few can actually prove they exist.”
-- Bethany McLean -
“... skepticism about past returns is crucial. The truth is, much as you may wish you could know which funds will be hot, you can't - and neither can the legions of advisers and publications that claim they can. That's why building a portfolio around index funds isn't really settling for average. It's just refusing to believe in magic.”
-- Bethany McLean
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Source : "For Ahmed Ben Bella, the liberation of the people in the South is still unachieved". Interview with Silvia Cattori, www.voltairenet.org. May 9, 2006.
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Source : "Naţionalitatea în artă" ("Nationality in Art") by A. C. Cuza, Bucureşti: Cartea Romaneasca, 1905.
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“There are two types of people in the world, and I'm one of them.”
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Source : Albert Bushnell Hart, Ph.D. (1909). “Epochs of American History”
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“The artist is not the transcriber of the world, he is its rival.”
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“I used to do some terrible things in the marshalling area to upset my rivals.”
Source : "The Sports Factor" with Amanda Smith, www.abc.net.au. January 11, 2002.
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