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IPFS News Link • Economy - Economics USA

Paulson Admits He Never Really Understood How Mortgage-Backed Securities Worked

• Consumerist
Here's more proof that the people who probably should have known how they were making all that housing bubble money never did—even those who personally made tens of millions off of it.

1 Comments in Response to

Comment by CharS
Entered on:
When asked to summarize his position in the name of brevity and clarity, Paulson said,
"I'm sayin',
I didn't know nuttin' - about nuttin."

Clear enough?