sociopathic hotshots from banks and hedge funds
Portside Date:
Author: Author and journalist Matt Taibbi
Date of source:
Rolling Stone

'One thing that people need to realize about Wall Street and the financial system in general: many of the self-congratulating millionaires and billionaires you read about in the news aren't "self-made" in any real sense, but actually live either directly or indirectly off of your money. The quickest way to extreme wealth in this world is to attach oneself to giant piles of institutional money like public pension funds. The subprime mortgage crisis was fueled in large part by sociopathic hotshots from banks and hedge funds who convinced institutional investors – your corporate retirement fund, your public pension, your union – to buy crappy mortgage-backed securities.'


Source URL: