This woman wasn’t saying that Wall Street bankers were corrupt. She was saying that they were stupid.
To succeed in a spectacular fashion you had to be spectacularly unusual.
The CDO was, in effect, a credit laundering service for the residents of Lower Middle Class America. For Wall Street it was a machine that turned lead into gold.
“Nobody else except the North Korean dictator Kim Jong-Il would write a letter like that when they are down 17%.”