Share this sentence
— George Soros"The securitisation of mortgages added a new dimension of systemic risk. Financial engineers claimed they were reducing risks through geographic diversification: in fact they were increasing them by creating an agency problem. The agents were more interested in maximising fee income than in protecting the interests of bondholders. That is the verity that was ignored by regulators and market participants alike."
Discover more quotes
Previous Quote
Photoshop is useful in many ways but must NEVER be used for the altering of photographs. My assistants and my agency do whatever Photoshop work for me that may be required as it is too complicated for my brain.
— Elliott Erwitt
Next Quote
Under the Environmental Protection Agency's Energy Star Program, homes are independently verified to be measurably more energy efficient than average houses.
— Melissa Bean
Loading recommended content...