The people who did the collateralized mortgage obl...

The people who did the collateralized mortgage obligations, sold them to pension funds, then sold them short, then bought credit default swap insurance on them, are just amazing. They are a law unto themselves.

-Ben Stein

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Frequently Asked Questions (FAQ)

Who said "The people who did the collateralized mortgage obl... "?

"The people who did the collateralized mortgage obl... " is one of a famous quotes by Ben Stein. Complete quote is as follows;
"The people who did the collateralized mortgage obligations, sold them to pension funds, then sold them short, then bought credit default swap insurance on them, are just amazing. They are a law unto themselves."

What is "The people who did the collateralized mortgage obl... "?

"The people who did the collateralized mortgage obligations, sold them to pension funds, then sold them short, then bought credit default swap insurance on them, are just amazing. They are a law unto themselves." This is a quote by Ben Stein which is about . He is known to have been associated with numerous other thought provoking quotes on these topics like;

  • It's really amazing that in the age of unbelief, as a smart man called it, there isn't even more fraud. After all, with no God, there's no one to ever call you to account, and no accounting at all if you can get away with it.
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What does "The people who did the collateralized mortgage obl... " mean?

This quote is primarily about amazing although it also includes other themes like . It is attributed to Ben Stein. Complete quote is as follows;
"The people who did the collateralized mortgage obligations, sold them to pension funds, then sold them short, then bought credit default swap insurance on them, are just amazing. They are a law unto themselves."