Posts Tagged ‘mortgages’
Elayne Boosler: Charles Schwab Greedy
on Tuesday, March 28, 2017Elayne Boosler Money Quote saying Charles Schwab took investment money labeled as “safe” to invest in risky mortgages, lost it and paid investors only a dime on the dollar. Elayne Boosler said:
“Schwab took the money entrusted to it by people willing to accept very little, to protect their savings, and used it to buy high-risk junk mortgages to enrich itself on the back end. We weren’t greedy. Charles Schwab was” — Elayne Boosler
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Elizabeth Warren: Costs of Big Banks
on Tuesday, November 18, 2014Elizabeth Warren Money Quotation saying the lack of SEC enforcement of banking rules are substantially larger than reported. Elizabeth Warren said:
“What are the costs of people being cheated on mortgages and credit cards? What are the costs when money launderers are not prosecuted? What are the costs when big financial institutions crash our economy?” — Elizabeth Warren
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John Darkow, Columbia Daily Tribune, Missouri
Elizabeth Warren: Consumers Before Banks
on Friday, November 14, 2014Elizabeth Warren Money Quote saying we focus on regulating little people before enforcing laws on big financial institutions who break those laws. Elizabeth Warren said:
“The American people deserve a Congress that worries less about helping big banks and more about helping regular people who have been cheated on mortgages, on credit cards, on student loans, on credit reports” — Elizabeth Warren
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