Here are some of my favourite quotes from The Big Short.
“Looking for bad bonds inside a CDO was like fishing for crap in a Port-O-Let: The question wasn’t whether you’d catch some but how quickly you’d be satisfied you’d caught enough.”
“There is going to be a calamity, and whenever there is a calamity, Merrill is there . . . Goldman Sachs was the big kid who ran the games in this neighborhood. Merrill Lynch was the little fat kid assigned to the least pleasant roles, just happy to be part of things.”