“Quite frankly, Barack Obama knows what it's like to pay a mortgage and student loans. He knows what it's like to watch a beloved family member in a medical crisis and worry that treatment is out of reach. Barack Obama knows our struggles. And, my friends, he shares our values.” KnowsValuesPayWatchesWorryStruggleShareStudentsMembersMy FriendsCrisisMedicalBarackBelovedTreatmentLoanMortgageFamily MembersStudent LoanBeloved Family Author:Ted Strickland
“Indeed, the FHA was born out of the Great Depression, which was also caused in significant part by a foreclosure crisis. Mortgages in the early 1930s were mostly three- to five-year 'bullet' loans, which did not amortize and were due in full at maturity.” YearsThreeBornFiveCrisisDuesSignificantMaturityFive YearsBulletsLoanMortgageGreat Depression1930sForeclosureDodging Bullets Author:Mark Zandi
“If you followed this economic crisis and you do not think that the world is getting flatter, you are not paying attention. We saw the entire global economy at one time acting totally in sync. The real truth is the world is even flatter than I thought. Our mortgage crisis is killing Deutsche Bank. You still don't think the world is flat?” IfsThinkingWorldStillsRealActingAttentionEconomySawsEconomicTruth IsCrisisKillingPay AttentionFlatsOne TimeMortgageGlobal EconomyEconomic CrisisSyncReal TruthWorld Is FlatMortgage Crisis Author:Thomas Friedman
“Unfortunately, throughout the housing crisis we've seen innocent homeowners who have been victims of shady mortgage lenders and unscrupulous individuals who have used a down market to line their own pockets at the expense of others. This bill is designed to send a message by revising our laws to ensure criminals are brought to justice and that law enforcement has the tools to uncover these fraudulent schemes and go after the bad actors. Criminals should be put on notice that ripping off homeowners and taxpayers won't be tolerated.” ShouldHas BeensLawUsedActorsIndividualLinesJusticeMessagesToolsCrisisVictimBillsCriminalsInnocentPocketsExpensesSchemesLaw EnforcementEnforcementHousingTaxpayersMortgageShadyRevisingLendersHomeownersHousing Crisis Author:Chuck Grassley
“American business would be run better today if there was more alignment between CEOs' interest and the company. For example, would the financial crisis of 2008 have occurred if the CEO of Lehman and Morgan Stanley and Goldman and Citibank had to take a very small percentage of every mortgage-backed security... or every loan they made?” IfsMadeWould BeRunningTodayInterestCompanySecurityExampleCrisisFinancialCeoLoanPercentagesMortgageAlignmentFinancial CrisisStanleyAmerican BusinessCitibank Author:Aubrey McClendon
“President Obama inherited a broken country mired in two wars, a financial crisis, a mortgage mess and more than we all probably even know about and has in my opinion brought us back from the brink. But I still see my friends in no better shape and the gap widening.” KnowsStillsTwoWarCountryPresidentOpinionBrokenShapesMy FriendsCrisisFinancialMessGapsPresident ObamaMortgageFinancial Crisis Author:Don Cheadle
“A competent and self-confident person is incapable of jealousy in anything. Jealousy is invariably a symptom. Just like right now with the whole mortgage crisis, I want to help people get back into their homes.” PeopleWantPersonsSelfWholeHelpingHomeRight NowCrisisGet BackIncapableSymptomsCompetentMortgageSelf ConfidentMortgage Crisis Author:Magic Johnson
“he economy favors throughput over quality and craftsmanship, and economists are terrified because the American savings rate has crept upward from about zero to almost five percent. But the mortgage crisis and the burgeoning credit card crisis are causing Americans to become wary of irresponsible debt.” QualityEconomyFivePercentCrisisRateCreditDebtFavorsCardsSavingZeroTerrifiedEconomistSavingsIrresponsibleMortgageCredit CardCraftsmanshipMortgage Crisis Author:Denis Hayes
“When I was a Senator from New York, I represented and worked with so many talented principled people who made their living in finance. But even thought I represented them and did all I could to make sure they continued to prosper, I called for closing the carried interest loophole and addressing skyrocketing CEO pay. I also was calling in '06, '07 for doing something about the mortgage crisis, because I saw every day from Wall Street literally to main streets across New York how a well-functioning financial system is essential.” PeopleWellsMadeInterestPaySawsStreetsNew YorkWallCallingEssentialsCrisisFinancialFinanceSenatorsCeoClosingMortgageLoopholesPrincipledFinancial SystemMain StreetMortgage Crisis Author:Hillary Clinton
“There was a direct jobs program from the Rooselvelt administration in the 1930s. The Justice Department has set up a task force to investigate the banks and the mortgage crisis but that's a little too late. Whenever they report they will report the obvious. It will be too late to impact the people who need the help the most.” PeopleNeedsLittlesHelpingJobsForceJusticeLateProgramTasksDirectCrisisImpactObviousAdministrationDepartmentReportsToo LateMortgage1930sTask ForcesMortgage Crisis Author:Jesse Jackson
“What caused the economic collapse 2008? It was the subprime mortgage crisis.” EconomicCrisisCollapseMortgageEconomic CollapseMortgage Crisis Author:Rush Limbaugh
“Barack Obama is telling the banking industry what it can and can't charge and what profit he will accept and what level of profit he won't accept. Bill Clinton and Jimmy Carter came up with this scheme that resulted in the subprime mortgage crisis. They said it was unfair that poor and minority people didn't have houses, so we're basically gonna give 'em houses. How are we gonna do that? We're going to make the banks loan them money, knowing full well they can't pay it back.” PeopleGivingWellsSaidHousePoorLevelsPayAcceptingKnowingIndustryCrisisBillsClintonProfitBarackMinoritiesEmsSchemesUnfairThey SaidBankingLoanJimmyMortgageCarterMortgage Crisis Author:Rush Limbaugh
“Unless we are holding ourselves accountable day in, day out, not just when there's a crisis for folks who have power and influence and can hire lobbyists, but for the nurse, the teacher, the police officer, who, frankly, at the end of each month, they've got a little financial crisis going on. They're having to take out extra debt just to make their mortgage payments. We haven't been paying attention to them. And if you look at our tax policies in America, it's a classic example.” AttentionTeacherInfluencePolicyTaxesPoliceCrisisFinancialPay AttentionClassicExtrasNurseMortgagePolice OfficerFinancial Crisis Author:Barack Obama
“Goldman Sachs now has the biggest oil position in America and probably one of the biggest oil positions in the world. They're long oil. So the banks have aggressively been buying oil on their balance sheets. I think they might see this as a way to bail themselves out of this mortgage crisis.” ThinkingWorldLongBalanceCrisisMortgage Author:Max Keiser
“I love business. I love helping urban communities grow. I love putting people to work of color. I love making sure - like right now the whole mortgage crisis, I want to help people get back into their homes.” PeopleWantWholeHelpingHomeGrowsCommunityBusinessColorRight NowCrisisGet BackUrbanMortgageLove MakingMortgage Crisis Author:Magic Johnson