Posts Tagged ‘lenders’

Barack Obama: Subsidize Taxpayer Dollars

Posted by admin on Sunday, September 9, 2018

Barack Obama Money Quote saying Republicans are giving tax breaks to corporations with tax cuts and deregulating lenders who prey on vulnerable borrowers. Barack Obama said:
 
They’re subsidizing corporate polluters with taxpayer dollars, allowing dishonest lenders to take advantage of veterans and students and consumers again Quote
 

“They’re subsidizing corporate polluters with taxpayer dollars, allowing dishonest lenders to take advantage of veterans and students and consumers again” — Barack Obama

 

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In this quote, Barack Obama appears to be criticizing certain policies of the opposing political party. Some key points:

  • He refers to “subsidizing corporate polluters with taxpayer dollars”, likely meaning industries that receive government funds despite contributing to environmental damage.
  • Obama also mentions “allowing dishonest lenders to take advantage of veterans and students and consumers again”. This suggests a view that predatory lending practices were not being adequately checked.
  • His reference to “again” implies Obama felt reforms had been rolled back that had previously curbed exploitative behavior targeting vulnerable groups.

Overall, Obama seems to be arguing that certain political decisions inappropriately use public money in ways that negatively impact taxpayers, such as by supporting industries that pollute or failing to enforce protections against predatory financial schemes targeting groups like military veterans and students. The quote portrays Obama’s perspective that such policies misallocate resources and enable harming certain communities.

Barbara Boxer: Payday Lenders Henhouse

Posted by admin on Thursday, January 25, 2018

Barbara Boxer Money Quote saying Trump has put another enemy of an agency in charge of the (@CFPB) in order to relax regulation and eliminate restrictions intended to protect consumers. Barbara Boxer said:
 
Mick Mulvany helping payday lenders prey on borrowers Quote
 

“A fox in the henhouse does not even begin to compare. Under Mick Mulvany, Trump's Consumer Financial Protection Bureau is now helping payday lenders prey on borrowers” — Barbara Boxer

 

In this quote, Barbara Boxer is strongly criticizing actions taken under Mick Mulvaney’s leadership of the Consumer Financial Protection Bureau (CFPB). She suggests predatory payday lenders, who charge extremely high interest rates on short-term loans, are being improperly aided by the CFPB instead of reigned in to protect consumers as intended.

By comparing this situation to the proverb of “a fox in the henhouse”, Boxer implies payday lenders are being given free rein to exploit vulnerable borrowers just as a fox would prey upon defenseless chickens. She argues Mulvaney has transformed the CFPB from an agency tasked with safeguarding consumers into one that now “helps” the payday loan industry through deregulation or lax enforcement.

The overall interpretation is that Boxer believes Mulvaney’s leadership represents a corruption of the CFPB’s mission, and that predatory financial actors are being improperly empowered and shielded from oversight under his direction at the agency meant to curb abusive lending practices.

 

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Mark Ruffalo: Jesus & Money Lenders

Posted by admin on Sunday, April 16, 2017

Mark Ruffalo Money Quote saying Jesus had patience to tolerate most and taught that love and forbearance to his followers – but lost it with money lenders. How Mark Ruffalo said Happy Easter:
Jesus preached love and tolerance, except money lenders Quote
 

“Jesus was a Middle East Jewish man who preached love & tolerance. Except when it came to the money lenders. Good to remember. Happy Easter” — Mark Ruffalo

 

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This quote from Mark Ruffalo refers to an event in the New Testament where Jesus overturned the tables of the money changers in the temple. While Jesus preached messages of love, tolerance and forgiveness, he displayed anger toward those who were exploiting worshippers at the temple for financial gain.

Ruffalo’s quote suggests we should remember that even advocates of peace and compassion have their limits, as Jesus was willing to confront corruption and abuse.

The overall message seems to be a call for vigilance against hypocrisy and injustice, even on religious holidays that celebrate forgiveness and goodwill.


 

Elizabeth Warren: CFPB Returned Billions

Posted by admin on Saturday, January 14, 2017

Elizabeth Warren Money Quote saying the effectiveness of the Consumer Financial Protection Bureau is indisputable in protecting consumers in debt to bad actor banks and lenders. Elizabeth Warren said:
 
[CFPB] has returned nearly $12 billion directly to families who were tricked by big banks, payday lenders, debt collectors, and other financial institutions Quote
 

“[CFPB] has returned nearly $12 billion directly to families who were tricked by big banks, payday lenders, debt collectors, and other financial institutions” — Elizabeth Warren

 

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In this quote, Elizabeth Warren is highlighting the positive impact of the Consumer Financial Protection Bureau (CFPB). Some key points:

  • She notes that through its work, the CFPB has returned $12 billion directly to consumers.
  • This money has gone back to families who were deceived or treated unfairly by large banks, payday lenders, debt collectors and other financial companies.
  • Warren’s statement emphasizes that the CFPB has provided direct financial relief and restitution to many ordinary Americans who were victims of misconduct by powerful financial institutions.
  • She appears to be touting the CFPB’s successes and the tangible benefits it has delivered for members of the public in policing consumer financial products and services.

Overall, the quote paints the CFPB in a positive light by showcasing the billions of dollars it has recovered for individuals harmed by bad actions of banks and other companies in the financial sector.

Benjamin Franklin on Spending vs. Lending

Posted by admin on Thursday, January 31, 2013

Benjamin Franklin Money Quotation saying those who are good at spending money are less good at knowing how to carefully lend cash to others. Benjamin Franklin said:
 
Great spenders are bad lenders Quote
 

“Great spenders are bad lenders” — Benjamin Franklin

 

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Benjamin Franklin is saying that people who spend a lot of money freely are not good at lending money to others carefully. He means that those who are free spenders tend to be less responsible with money that does not belong to them.

Franklin is advising that people who spend lavishly are not as trustworthy when it comes to lending money, as they may not take as much care in ensuring the money is paid back. In this quote, Franklin is highlighting the importance of being prudent with spending and lending.

Birthday: January 17, 1706 – Death: April 17, 1790

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