Unsustainable Loans Quotes

Much of the blame for the Great Recession lies with abuses in the housing market - namely the creation of risky and unsustainable home loans that were packaged and sold as quality investments around the globe.

For many, the loan modification process has been a giant sham.

The old-fashioned idea is that responsibility falls upon those who borrow and lend. Money was not borrowed by campesinos, assembly plant workers, or slum-dwellers. The mass of the population gained little from borrowing, indeed often suffered grievously from its effects.

There were absolutely circumstances where Sallie Mae was working hand-in-hand with for-profit schools and other schools in offering and putting students into risky expensive subprime loans.

Usury once in control will wreck the nation.

For too long, Americans have fallen victim to financial abuses at the hands of predatory lenders that operate in the shadows.

My investigation found Sallie Mae put student borrowers into expensive subprime loans that it knew were going to fail.

One of the greatest disservices you can do a man is to lend him money that he can't pay back.

Too often, borrowers who need quick cash end up trapped in loans they can't afford.