Author
Michael Lewis
Full Title
The Big Short
Last Highlighted
November 30, 2016
Last Synced
October 27, 2025
Category
Books
Highlights
1
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Summary
This was absurd. The 100 buildings occupied the same floodplain; in the event of flood, the ground floors of all of them were equally exposed. But never mind: The rating agencies, who were paid fat fees by Goldman Sachs and other Wall Street firms for each deal they rated, pronounced 80 percent of the new tower of debt triple-A. (Location 1165)
