It's not a stretch to say the whole financial industry revolves around the compass point of the absolutely safe AAA rating. But the financial crisis happened because AAA ratings stopped being something that had to be earned and turned into something that could be paid for.
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"It's not a stretch to say the whole financial industry revolves around the compass point of the absolutely safe AAA rating. But the financial crisis happened because AAA ratings stopped being something that had to be earned and turned into something that could be paid for." — Matt Taibbi #moneywealth
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It's not a stretch to say the whole financial industry revolves around the compass point of th…
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It's not a stretch to say the whole financial industry revolves around the compass point of the absolutely safe AAA rating. But the financial crisis happened because AAA ratings stopped being something that had to be earned and turned into something that could be paid for. — Matt Taibbi
About Matt Taibbi
Matt Taibbi was a Author from United States (1970–present).
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Who said "It's not a stretch to say the whole financial industry revolves around the comp…"?
This quote is attributed to Matt Taibbi, a Author from United States.
When did Matt Taibbi live?
Matt Taibbi lived from 1970 – present.
What is this quote about?
This quote touches on Money & Wealth. Browse more quotes on these themes from the categories page.