Posts Tagged ‘loans’
Next Page »Michael Bloomberg: Money in Hand
on Sunday, June 27, 2021Michael Bloomberg Money Quote saying If people have money, they’ll put that money into the economy to save, invest and banks will loan it out. Michael Bloomberg said:
“And I think the more money you put in people’s hands, the more they will spend. And if they don’t spend it, they invest it. And investing it is another way of creating jobs. It puts money into mutual funds or other kinds of banks that can go out and make loans, and we need to do that” — Michael Bloomberg
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James Buchan: Suicidal Banking
on Tuesday, May 25, 2021James Buchan Money Quote saying bankers commit dangerous and self-destructive things that put their depositors at risk. James Buchan said:
“At the heart of banking is a suicidal strategy. Banks take money from the public or each other on call, skim it for their own reward and then lock the rest up in volatile, insecure and illiquid loans that at times they cannot redeem without public aid” — James Buchan
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Frederic Clemson Howe: War Costs
on Wednesday, April 28, 2021Frederic Clemson Howe Money Quote saying that if the wealthy classes had to pay for wars they start, the war would never begin – it is paid by the working class and poor. Frederic Clemson Howe said:
“There would be an end of war and preparations for war if the cost were borne by those responsible for war. There would be an end of armaments and preparedness if incomes and inheritances and the landed estates of the feudal classes paid for the protection which their privileges enjoy. War and preparations for war are possible only because the ruling classes are able to shift a great part of the cost onto the poor by indirect taxation and loans. War expenditures are tolerated only because the burdens are concealed in the increased cost of the things people consume” — Frederic Clemson Howe
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Donald Trump: Banks Incoherent
on Saturday, May 30, 2020Donald Trump Money Quote saying banks of all sizes are processing loans for businesses of all sizes. Donald Trump said:
“Just like we’re going to help the airlines and the big companies, we’re going to help the little companies. And the banks are run – nobody is equipped to do a thing like that, but the banks are equipped. So, the banks are doing it. Big banks, small banks. We have many banks — community banks — and they’re processing the loans” — Donald Trump
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Pelosi & Schumer: Coronavirus Cost
on Friday, May 1, 2020Speaker Nancy Pelosi and Senate Democratic Leader Chuck Schumer Money Quote saying that they are concerned about the White House failing to get aid to those who need it most to resolve coronoavirus economic costs. Speaker Nancy Pelosi and Senate Democratic Leader Chuck Schumer said:
“Any emergency funding supplemental the Congress approves must be entirely new funding — not stolen from other accounts — and include, at a minimum, strong provisions that ensure that:
- The president cannot transfer these new funds to anything other than the coronavirus and fighting infectious diseases;
- Vaccines are affordable and available to all that need it;
- Interest-free loans are made available for small businesses impacted by the outbreak;
- and The state and local governments are reimbursed for costs incurred while assisting the federal response to the coronavirus outbreak”
— Speaker Nancy Pelosi and Senate Democratic Leader Chuck Schumer
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Franklin Roosevelt: Bankers Incompetence
on Friday, July 8, 2016Franklin Delano Roosevelt Money Quote saying the untrustworthy bankers are unwisely speculating and writing bad loans. Franklin Delano Roosevelt said:
“Some of our bankers had shown themselves either incompetent or dishonest in their handling of the people’s funds. They had used the money entrusted to them in speculations and unwise loans” — Franklin Roosevelt
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Franklin Roosevelt’s statement about bankers’ handling of people’s funds likely resonated with the public during his time as it highlighted the perceived incompetence and dishonesty of some bankers in the wake of the Great Depression.
Many people were struggling financially and felt that the bankers were not managing their funds responsibly. This sentiment likely struck a chord with the public and may have contributed to Roosevelt’s popularity and the support for his policies.
Google: We’re Banning Payday Loan Ads
on Thursday, May 12, 2016David Graff, Director Global Product Policy at Google Money Quote saying payday lending search ads are being banned as of July 16, 2016. Google said:
“We’re banning ads for payday loans and some related products from our ads systems. We will no longer allow ads for loans where repayment is due within 60 days of the date of issue” — David Graff, Google
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Bernie Sanders: Banking, Not Gambling
on Monday, May 2, 2016Bernie Sanders Money Quote saying we need to stop Wall Street from speculating with small depositors money. Bernie Sanders said:
“Banking should be about providing affordable loans to Americans who need to purchase homes and cars, not reckless gambling on Wall Street” — Bernie Sanders
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Banking should be about providing affordable loans to Americans who need to purchase homes and cars, not reckless gambling on Wall Street.
— Bernie Sanders (@BernieSanders) May 2, 2016
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