subprime bonds
1 statements across 1 episodes · 0 bullish · 0 bearish · 1 people on the record · first statement Jan 1, 2024 by Morgan Housel · across every show →
Everything said about subprime bonds, oldest first
Jan 1, 2024
Housel: Wall Street Critics Would Have Packaged Subprime for $4M Bonuses
“What people missed is that if they had the same incentives as the banker from Lehman Brothers, and their boss said, hey, if you package these subprime bonds, we'll give you a four million dollar bonus. You would have done the same thing too. Of course you woul…”