Quotessence
Home / Quotes / Quote by Theresa May

Quote by Theresa May

“The internet makes information easier to come by, but harder to control - think of the success of blogs like ConservativeHome and Guido Fawkes. I definitely think Parliament's website can be improved - perhaps it could have better access to video feed, include interactive features or have discussion forums.”

Quote by Theresa May

Author

Theresa May
Theresa May

British politician and former Prime Minister of the United Kingdom. Born on October 1, 1956, Theresa May served as the leader of the Conservative Party and Prime Minister of the United Kingdom from 2016 to 2020. She led the negotiations for the UK's exit from the European Union following the 2016 referendum and resigned in 2019. more

You May Also Like

“These modern means of communication are one reason why I recently opposed the Government's decision to grant MPs a new communications allowance. With new technology giving us the opportunity to communicate directly with voters very cheaply, why did Labour MPs vote for a £10,000 allowance to tell voters what a good job they do?”

“For many people, the mortgages they took out before 2008 are so high that they would be better off walking away from their houses. That is called "jingle mail," returning the keys to the bank and saying, "You can have the house. I can buy the house next door that's just like this for 20% less, so I'm going to save money and switch." That's what someone like Donald Trump or a real estate investor would do. But the banks are trying to convince the mortgage debtors, the homeowners, not to act in their own self-interest.”

“Everybody would be better off if they could buy housing for only, let's say, a carrying charge of one-quarter of their income. That used to be the case 50 years ago. Buyers had to save up and make a higher down payment, giving them more equity - perhaps 25 or 30 percent. But today, banks are creating enough credit to bid up housing prices again.”

“Now, suppose that a homeowner puts down only 3% of their own money or 3.5% for the FHA. That means if prices go down by only 3%, the house will be in negative equity and it would pay the homeowner just to walk away and say, "The house now is worth less than the mortgage I owe. I think I'm just going to move out and buy a cheaper house." So it's very risky when you have only a 3% or 3.5% equity for the loan. The bank really isn't left with much cushion as collateral.”

“The real estate interests and banks are in a kind of symbiosis. They're the largest-growing part of the economy. This is the sector that backs the political campaigns of senators, presidents and congressmen, and they use this leverage to make sure that their people dominate the Federal Reserve, Treasury and the federal housing agencies.”

“When you say "bank," a bank is a building, a set of computers and chairs and things. The bankers are the people running these banks. They're the chief officers, and they push the loans because they don't care if they go bad. For one thing, they may package these bad loans and sell them off to gullible institutional investors.”