Loan Quotes - Page 15

"Based on a true story" is a come-on, the aesthetic equivalent of "no loan request refused." For, at best, the creator has fashioned a film based on his understanding of, interpretation of, and reduction of the report of an actual occurrence.

David Mamet

Understanding, Stories, Film

David Mamet (2008). “Bambi vs. Godzilla: On the Nature, Purpose, and Practice of the Movie Business”, p.154, Vintage

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The best way for the Government to maintain its credit is to pay as it goes-not by resorting to loans, but by keeping out of debt-through an adequate income secured by a system of taxation, external or internal, or both.

William McKinley

Government, Income, Credit

William McKinley (2012). “A Supplement to A Compilation of the Messages and Papers of the Presidents”, p.14, tredition

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There's only one thing different about Barack Obama when it comes to being a Democratic presidential candidate. He's half African-American. Whether that will make any difference, I don't know. I haven't heard him have a strong crackdown on economic exploitation in the ghettos. Payday loans, predatory lending, asbestos, lead. What's keeping him from doing that? Is it because he wants to talk white? He doesn't want to appear like Jesse Jackson? We'll see all that play out in the next few months and if he gets elected afterwards.

Ralph Nader

Strong, Ghetto, White

"Obama using 'white guilt,' Nader says" by Alexander Mooney, www.cnn.com. June 26, 2008.

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In a speech at the just-concluded G20 summit in London, President Obama urged Americans not to let their fears crimp their spending. It would be unwise, he argued, for Americans to let the fear of job loss, lack of savings, unpaid bills, credit card debt or student loans deter them from making major purchases. According to the president, 'we must spend now as an investment for the future'....instead of saving for the future, we must spend for the future.

Peter Schiff

Jobs, Loss, President

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Securities based on risky mortgages are what toppled financial institutions but it was the government that made the mortgages risky in the first place, by making home-ownership statistics the holy grail, for which everything else was to be sacrificed, including commonsense standards for making home loans.

Thomas Sowell

Home, Government, Holy Grail

Thomas Sowell (2011). “Dismantling America and Other Controversial Essays (Large Print 16pt)”, p.44, ReadHowYouWant.com

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Both HUD and the Department of Justice began bringing lawsuits against mortgage bankers when a higher percentage of minority applicants than white applicants were turned down for mortgage loans. A substantial majority of both black and white mortgage loan applicants had their loans approved but a statistical difference was enough to get a bank sued.

Thomas Sowell

Black And White, Differences, Justice

Thomas Sowell (2011). “Dismantling America and Other Controversial Essays (Large Print 16pt)”, p.163, ReadHowYouWant.com

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In the real world, banks hang onto their money for fear of making bad loans, no matter how many bailouts or stimulus packages Washington passes.

Dick Morris

Real, World, Matter

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One third of the $15 trillion of mortgages in existence in 2008 are owned, or securitized by Fannie Mae, Freddie Mac, Ginnie Mae, the Federal Housing and the Veterans Administration. Wall Street buyers of repackaged loans didn't mind buying risky paper because they assumed that they would be guaranteed by the federal government: read bailout from the taxpayers. Today's housing mess can be laid directly at the feet of Congress and the White House.

Walter E. Williams

Wall, White, Feet

Walter E. Williams (2015). “American Contempt for Liberty”, p.47, Hoover Institution Press

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These settlements [Justice Department with lenders] include requirements that banks lend to minorities at below-market rates and, in effect, dish out cash to politically favored 'community groups.' It's a good bet that many of these loans will eventually go bad.

Mary Kissel

Justice, Community, Groups

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As the titanic losses were racking up, Fannie Mae's operators, Franklin Raines and Jamie Gorelick, disguised the catastrophe by orchestrating a $5 billion accounting fraud - all the while continuing to pressure banks to make absurd, politically correct loans and denouncing Republicans as enemies of the poor.

Ann Coulter

Loss, Enemy, Pressure

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Beware leverage in all its forms. Borrowers - individual, corporate, or government - should always match fund their liabilities against the duration of their assets. Borrowers must always remember that capital markets can be extremely fickle, and that it is never safe to assume a maturing loan can be rolled over. Even if you are unleveraged, the leverage employed by others can drive dramatic price and valuation swings; sudden unavailability of leverage in the economy may trigger an economic downturn.

Seth Klarman

Government, Swings, Fickle

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In a crisis, stocks of financial companies are great investments, because the tide is bound to turn. Massive losses on bad loans and soured investments are irrelevant to value; improving trends and future prospects are what matter, regardless of whether profits will have to be used to cover loan losses and equity shortfalls for years to come.

Seth Klarman

Loss, What Matters, Years

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I have no intention of selling any more of the historical Apollo 11 items in my possession for the remainder of my life. I intend to pass a portion of these items on to my children and to loan the most important items for permanent display in suitable museums around the country.

Buzz Aldrin

Country, Children, Museums

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We need to align the incentives so that colleges have an incentive to keep down their costs... to graduate students on time with degrees in areas where they're going to be able to get jobs and going to be able to pay back those loans.

Elizabeth Warren

Jobs, College, Needs

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Everything without exception which is of value in me comes from somewhere other than myself, not as a gift but as a loan which must be ceaselessly renewed.

Simone Weil

Exception, Values

Simone Weil (2002). “Gravity and Grace”, p.31, Psychology Press

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I was getting money for showing one man killing another. Two lives were destroyed and I was getting paid for it. (On his 1968 photograph of the summary street corner execution of prisoner Nguyen Van Lem by South Vietnam's police chief, Lt. Col. Nguyen Ngoc Loan.)

Eddie Adams

Men, Two, Police

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The Democrats, because they believe in socialism, redistribution, forced the banks and financial institutions to make the risky loans.

Sean Hannity

Believe, Financial, Socialism

"Hannity Referees Beckel Brothers Showdown". "Hannity" with Sean Hannity, www.foxnews.com. September 23, 2009.

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As president, I will fight to make tuition in public colleges and universities free, as well as substantially lower interest rates on student loans.

Bernie Sanders

Fighting, College, President

Bernie Sanders (2016). “Our Revolution: A Future to Believe in”, p.106, Profile Books

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Student debt is crushing the lives of millions of Americans. How does it happen that we can get a home mortgage or purchase a car with interest rates half of that being paid for student loans? We must make higher education affordable for all. We must substantially lower interest rates on student loans. This must be a national priority.

Bernie Sanders

Crush, Home, Car

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We must fundamentally restructure our student loan program. It makes no sense that students and their parents are forced to pay interest rates for higher education loans that are much higher than they pay for car loans or housing mortgages.

Bernie Sanders

Car, Parent, Pay

"Sanders Calls for Higher Ed Funding Revolution". www.sanders.senate.gov. February 17, 2015.

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The nation's largest savings and loan, Washington Mutual, has become the biggest bank failure in history. See, the problem with the savings and loans? Not enough savings, too many stupid loans, okay In fact, they changed their name from WaMu to 'screw you.'

Jay Leno

Stupid, Names, Facts

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War at home is matched by a war on youth. I wrote about this recently. Young people graduate with an average of $23,000 in student loan debt, and they are the ones saddled with it. Youth have become indentured servants and that turns them away from public service.

Henry Giroux

War, Home, Average

"Higher Education Under Attack". Interview with C. Cryn Johannsen, www.truth-out.org. April 22, 2011.

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The loan crisis and the increasing slashing of funds for students, coupled with the astronomical rise in tuition, represent an unparalleled attack on the social state. The hidden agenda here is that when students graduate with such high debts, they rarely choose a career in public service; instead, they are forced to go into the corporate sector, and I see these conditions, in some ways, as being very calculated and as part of a larger political strategy to disempower students.

Henry Giroux

Careers, Political, Way

"Higher Education Under Attack". Interview with C. Cryn Johannsen, www.truth-out.org. April 22, 2011.

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I find that, for me, it is this concept of borrowed or built life, life on loan, that gets me writing. It's similar to speaking about literature. I like it, and then I don't like it. It has such an inherent vein of pretention, because you're not speaking about real things. There's a literary pretentiousness made of speaking and spending so much time on unreal persons. And it seems, now, impossible to create an unpretentious, totally organic character.

Sergio Chejfec

Real, Character, Writing

Source: www.guernicamag.com

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Every sensible banker understands that Greece should not have received any more money: a bankrupt state that can never be expected to repay loans is not a good debtor.

Yanis Varoufakis

Bankers, Debtors, States

Source: www.businessinsider.com

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