Claire McCaskill actually said...
It's in fact mortgage-backed securities that created your next job opportunity because if it were not for mortgage-backed securities being sliced and diced, subprime loans being sliced and diced into traunches of complex derivatives that were being sold and churned in mammoth proportions in our financial sector, that is why literally our financial sector shut down and why we're facing huge economic problems right now in this country.
Context
McCaskill explains the role of mortgage-backed securities in the financial crisis.
06/28/2009