A small loan makes a debt; a great one an enemy.
Slight was the thing I bought, small was the debt I thought, Poor was the loan at best - God! but the interest!
Why do Americans find government so baffling and irritating-even though many of us depend on public programs for a secure retirement, an affordable mortgage, or a college loan? In this timely and important book, political scientist Suzanne Mettler explains how the United States has come to rely on hidden, indirect policies that privilege special interests but puzzle regular citizens. American democracy can do better, and she shows how. Politicians and the public alike have much to learn from her brilliant and engaging analysis.
The Federal Reserve needs to provide small businesses in America with the same low-interest loans it gave to foreign banks.
Hard-covered books break up friendships. You loan a hard covered book to a friend and when he doesn’t return it you get mad at him. It makes you mean and petty. But twenty-five cent books are different.
What I think is bugging this guy [Steven Lerner] is the belief that debt - forced debt upon middle-class people, students (i.e., student loans and so forth) - has made Wall Street bankers and financial people excessively, unfairly, out-of-proportionally rich.
This is a derivative, if you will, of Cloward-Piven [theory]. "[Stephen] Lerner's plan is to organize a mass, coordinated 'strike' on mortgage, student loan, and local government debt payments - thus bringing the banks to the edge of insolvency and forcing them to renegotiate the terms of the loans.
Barack Obama is telling the banking industry what it can and can't charge and what profit he will accept and what level of profit he won't accept. Bill Clinton and Jimmy Carter came up with this scheme that resulted in the subprime mortgage crisis. They said it was unfair that poor and minority people didn't have houses, so we're basically gonna give 'em houses. How are we gonna do that? We're going to make the banks loan them money, knowing full well they can't pay it back.
I started off in Brooklyn, New York, with a small loan and built a business that today is worth well over $10 billion.
I own nothing in Russia. I have no loans in Russia. I don't have any deals in Russia.
Never loan your car to anyone to whom you've given birth.
The IMF insisted that both Russia and Brazil maintain their currency at over-valued levels. Who are you protecting when you try to maintain that exchange rate by having high interest rates? You're protecting domestic and foreign firms that have gambled on the exchange rate. And who is paying the price? The small businesses that did not gamble [and no longer can afford loans], the workers who are going to be put out of jobs.
What I want to do first with education is my student loan idea. Basically, if you go into teaching and teach for five years, your student loans should be forgiven. It doesn't cost that much.
My first film I made, "Permanent Vacation," we shot in 1979 for like $12,000, part of which I got a fake car loan for that Amos Poe told me you could do that. And, yeah, I had no idea what I was doing. It was just like, well, we're going to try and do this. Partly because I had been following Amos Poe and Eric Mitchell around for about a year, and I worked on some of Eric's films as a sound recordist and stuff.
Just some days ago in an administrative order, [Donald Trump] overturned what the FHFA had done to reduce the premiums on people with FHA loans. And so if he's going to help poor people, why would he take away about $500 from the average home buyer, middle-class people?
It's critical to level the playing field, to make prices and risks clear up front, so when someone signs on for a student loan or a mortgage or a credit card, they know the tricks and traps hidden in the fine print. That's why the Consumer Financial Protection Bureau has been working on a new financial aid shopping sheet. A shorter, two-page credit card agreement, a simpler mortgage disclosure form. All those are aimed toward helping people understand the basic bargain.
Let's say you're all worried about student-loan debt and you need to have steady income. That doesn't have to be your everything.
There is a much bigger issue with student loan rates, the cost of tuition; those are some huge problems that need to be resolved.
I did not get a million-dollar or multimillion-dollar loan from my dad.
It's strictly business. If I loan you $25 million, I want my money back. I don't want to hear about the social impact. That's great for you, but now I'm $25 million in the hole, so next time you come to ask me.
When [Steven Lerner] says that unions and so forth are "dead," he's talking about clout. He's talking about power. But "community organizations," the ACORN types, these are the groups that can successfully organize a strike - a strike meaning people just stop paying back on their loans.
People just want to see something happen that is positive for them in their lives. If you're struggling to pay your student-loan debts, or if you've got a kid trying to go to college and don't think you're going to be able to afford it, it really matters whether you get help or not. If you don't have health care or you have insurance but the insurance company won't pay for what your doctor says you need, then what's the point of people arguing in Washington? Why don't you give me some help to fix this problem? I will work with anybody if I think we can actually produce results for people.
When you take out a loan, what's your obligation other than paying it back? You have no other obligation.
Both in the US and throughout the world, there needs to be a growing presence of public development banks. These banks would make loans based on social welfare criteria - including advancing a full-employment, climate-stabilization agenda - as opposed to scouring the globe for the largest profit opportunities regardless of social costs.... Public development banks have always played a central role in supporting the successful economic development paths in the East Asian economies.
In the past when money was given from government to government, there was no accountability, especially the World Bank loans. Nobody was held accountable for the misuse of World Bank loans. That is why it is important to channel some of the money through civil society groups.
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