Elizabeth Warren Quotes About Mortgages

Quotes about: Mortgages

• The people on Wall Street broke this country, and they did it one lousy mortgage at a time. It happened more than three years ago, and there has been no real accountability, and there has been no real effort to fix it.

  Elizabeth Warren

  Country, Wall, Real

  "Elizabeth Warren Blasts Wall Street, Scott Brown In First Massachusetts Senate Debate" By Luke Johnson, www.huffingtonpost.com. October 5, 2011.

• Big banks churn out page after page of incomprehensible fine print to obscure the cost and risks of checking accounts, credit cards, mortgages and other financial products. The result is that consumers can't make direct product comparisons, markets aren't competitive, and costs are higher. If the playing field is leveled and the broken market fixed, a lot more money will stay in the pockets of millions of hard-working families. That's real stimulus - money to families, without increasing our national debt.

  Elizabeth Warren

  Real, Hard Work, Broken

  "Exclusive Interview: Elizabeth Warren Says Big Banks Must Stop Blocking Reform". Interview with Lynn Parramore, www.huffingtonpost.com. July 12, 2012.

• Get out of debt. In a world of stagnant incomes and rising core expenses like mortgage and health care costs, that's a lot easier said than done. The middle class is under enormous pressure. But families can stop the bleeding by reducing their reliance on debt wherever they can. They can also start fighting back by taking a hard look at whom they do business with and rethinking whether they want tricks-and-traps banks to hold their money. They can also demand that public officials take the side of families over the side of banks.

  Elizabeth Warren

  Fighting, Class, Care

  Source: www.motherjones.com

• Evidently there is no need for delay, no need for further study, if the government takes a loss and Wall Street makes a profit, but it is absolutely necessary to delay if homeowners might have a chance to cut their mortgages and stay in their homes. This is wrong, and it is time to fight back!

  Elizabeth Warren

  Wall, Home, Fighting

• The financial collapse of 2008 got its start with predatory mortgages, that weren’t sold by community banks and credit unions, they were sold by fly by night mortgage brokers who had almost zero federal oversight and then the big banks looked over, saw the profit potential and they wanted it bad. So they jumped in and sold millions of these terrible mortgages while the bank regulators just looked the other way.

  Elizabeth Warren

  Zero, Night, Community

  "Elizabeth Warren: Our Populist Agenda — In Her Own Words" by Roger Hickey, www.huffingtonpost.com. January 4, 2015.

• 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.

  Elizabeth Warren

  Agreement, Shopping, Two

  Source: www.bethkobliner.com

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