Posts Tagged ‘Mark Sundeen’

Mark Sundeen: Wall Street Felons

Posted by admin on Wednesday, October 25, 2023

Meaning of Mark Sundeen Money Quote: saying We complain about the felons of Wall Street, but keep them in control by paying them. Mark Sundeen said:
 
lending them our money, paying their interest on mortgages and credit cards, and amassing our savings in their IRAs and money-market accounts Quote
 

“Grumble as we might about Wall Street felons, we keep the banks in business by lending them our money, paying their interest on mortgages and credit cards, and amassing our savings in their IRAs and money-market accounts” — Mark Sundeen

 

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Mark Sundeen seems to be pointing out that despite complaints about unethical behavior by some in the financial industry, average citizens continue to support and fund the major banks through various financial activities.

By taking out loans like mortgages and credit cards that charge interest, keeping savings in retirement accounts at these institutions, and depositing money in bank accounts, people are essentially “lending” their money to the banks and keeping them in business.

So even while some banks engage in illegal behavior, the general public still relies heavily on these financial companies for various services and products. Sundeen’s quote suggests this ongoing financial patronage is what really allows the banks to maintain their prominent role in the economy, more so than any displeasure voiced about their actions on Wall Street.

Mark Sundeen: Credit & Debt

Posted by admin on Wednesday, July 19, 2023

Meaning of Mark Sundeen Money Quote: saying Financing debt and watching credit will keep our eyes on the past and the future. Mark Sundeen said:

 

Credit and debt keep us fixated on the past and the future Quote
 

“Credit and debt keep us fixated on the past and the future” — Mark Sundeen

 

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Mark Sundeen appears to be suggesting that being in debt or relying heavily on credit can distract us from fully experiencing and appreciating the present moment. When we owe money or are focused on making payments, it keeps us constantly thinking about financial obligations from the past (what we previously spent) and worries about the future (paying it all back).

This may prevent us from being fully engaged in and mindful of the here and now. According to Sundeen, credit and debt can fixate us on the past costs and future financial responsibilities rather than allowing us to be fully present in the current time.

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