#mortgage

All the mega corporations on the planet make their obscene profits off the labor and suffering of others, with complete disregard for the effects on the workers, environment, and future generations. As with the banking sector, they play games with the lives of millions, hysterically reject any kind of government intervention when the profits are rolling in, but are quick to pass the bill for the cleanup and the far-reaching consequences of these avoidable tragedies to the public when things go wrong. We have a straightforward proposal: if they want public money, we want public control. It's that simple. ↗

— Michael Hureaux-Perez

#capitalism #corporations #deepwater #economic-interventionism #environment

And to whom were these bundles of unrecognizably mashed-up mortgages ultimately sold? Quite often, to you and me. Our pension funds, municipalities, and money-market accounts were made up largely of these “mortgage-backed securities. ↗

— Douglas Rushkoff

#money

If the government wants to do social policy, it should not be done in a quasi-public company. If you have a mortgage guarantee company which is done by the U.S. government, it should be guaranteed by the originators, i.e., the shareholder. ↗

— Jamie Dimon

#done #government #guarantee #guaranteed #i

Canadians know that the promise of a recession didn't happen because of anything we did here. If you look at all the causes of the recession, problems in mortgage markets, the problems in the banking sector, the problems in government finance in countries like Greece, none of those problems were in present Canada. ↗

— Stephen Harper

#banking #because #canada #canadians #causes

Every radish I ever pulled up seemed to have a mortgage attached to it. ↗

— Ed Wynn

#ever #every #i #mortgage #pulled

The most important loan to pay is your student loan. It's more important than your mortgage, car and credit card payments. You cannot discharge student loan debt in the majority of cases. ↗

— Suze Orman

#car #card #cases #credit #credit card

Remember the Tea Party movement didn't get started in September of 2008 when the bank bailout was passed. It really began on Feb. 19th, 2009 when a television commentator named Rick Santelli stood up and said what the hell are we doing bailing out people who couldn't afford a mortgage by taking money from people like me who are prudent? ↗

— Karl Rove

#bailing #bailout #bank #began #commentator

When the congregation becomes the norm by which sermons are measured, a minister has put a mortgage on his soul. ↗

— Ralph W. Sockman

#congregation #his #measured #minister #mortgage

Imagine if the pension funds and endowments that own much of the equity in our financial services companies demanded that those companies revisit the way mortgages were marketed to those without adequate skills to understand the products they were being sold. Management would have to change the way things were done. ↗

— Eliot Spitzer

#being #change #companies #demanded #done

The people who did the collateralized mortgage obligations, sold them to pension funds, then sold them short, then bought credit default swap insurance on them, are just amazing. They are a law unto themselves. ↗

— Ben Stein

#bought #credit #default #did #funds