“I can't think of another enterprise other than being a homeowner that can't have its debt restructured in bankruptcy. Corporations can but a homeowner can't? Now with securitization the homeowner can't go to the owner of the loan and work things out.”

American businessman and philanthropist

Eli Broad was an American businessman and philanthropist. He was known for his work in business and for directing major gifts toward public education, scientific and medical research, and the visual and performing arts. His philanthropy focused especially on changing public K to 12 education toward charter school models. In June 2019, Forbes ranked him among the wealthiest people in the world and in the United States, with an estimated net worth of $6.7 billion.