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> His crowning achievement wasn't in deducing the bonds were overvalued/fraudulent, it was in finding suckers to take the other side of the bet. I thought that
by johnvanommen 6y ago
> His crowning achievement wasn't in deducing the bonds were overvalued/fraudulent, it was in finding suckers to take the other side of the bet.
I thought that was one of the most interesting / exciting parts of the book.
The fact that they literally had to go and find people who would sell them insurance on the mortgage backed securities.