Monday, November 15, 2010

Quote of a true idiot


Daniel Sadek was a renowned subprime loan pusher- who made millions on selling worthless mortgages to gullible California home buyers. This is what he had to say in defense of his business and his loans (it really shows the incompetence and stupidity of certain people, especially those who use 'Wall Street' as a measure of credibility)

"If my loans were so bad, why did Wall Street keep buying them to securitize?''

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