“Minnesotans lost their jobs because the credit rating agencies didn't do the only job they're supposed to have, the only job they had, which is to give accurate, objective ratings to financial products.” GivingJobsLostProductsFinancialCreditObjectivesAgencyAccurateRatingMinnesotans Author:Al Franken
“No one person can take credit for the success of a motion picture. It's strictly a team effort. From the time the story is written to the time the final release print comes off the printer, hundreds of people are involved - each one doing a job - each job contributing to the final product.” PeoplePersonsStoriesJobsEffortWrittenTeamDesignProductsDevelopmentInvolvedFinalsCreditReleasePrintContributingMotion PicturesPrinterTeam Effort Author:Walt Disney
“Access to the national dividend is usually to be had only on condition of some productive service previously rendered or of some product previously sold. This condition is, in this case, not yet fulfilled. It will be fulfilled only after the successful completion of the new combinations. Hence this credit will in the meantime affect the price level.” PoliticsLevelsCasesEconomySuccessfulConditionsProductsCreditAccessCombinationLiberalismProductiveFulfilledCompletionDividends Book:The Theory of Economic Development: An Inquiry into Profits, Capital, Credit, Interest, and the Business Cycle Source: The Theory of Economic Development: An Inquiry into Profits, Capital, Credit, Interest, and the Business Cycle
“Big banks churn out page after page of incomprehensible fine print to obscure the cost and risks of checking accounts, credit cards, mortgages and other financial products. The result is that consumers can't make direct product comparisons, markets aren't competitive, and costs are higher. If the playing field is leveled and the broken market fixed, a lot more money will stay in the pockets of millions of hard-working families. That's real stimulus - money to families, without increasing our national debt.” IfsRealHardBigsResultsMillionsRiskFieldsProductsHard WorkBrokenFineHigherCostPagesDirectAccountsFinancialCreditDebtCardsConsumersFixedPocketsComparisonPrintMore MoneyObscureStimulusMortgageCredit CardPlaying FieldsNational DebtFine PrintChecking Accounts Author:Elizabeth Warren
“Cars, toys, aspirin, meat, toasters, water - nearly every product sold has passed basic safety regulations well in advance of being marketed and sold. But consumer credit is a kind of buyer-beware, wild west. That is partly the result of history.” WellsKindWaterResultsCarProductsSafetyWestCreditConsumersMeatRegulationToysBuyersAspirinWild WestToasters Author:Elizabeth Warren
“I don't want to sell credit to people who are going to hurt themselves with it. You should only sell products that are good for the people who use them. Some disagree with this, but I know I'm right. That is to say, you're talking to a Republican who admires Elizabeth Warren.” PeopleKnowsWantShouldUseHurtTalkingProductsRepublicanSellsCreditAdmireDisagree Author:Charlie Munger
“You've seen certain credit type products that are going to be in nonbanks, like sophisticated CLO [collateralized loan obligation] tranches and stuff where the capital charge is so high that a bank simply will not own it. Someone will buy it, hedge it, trade it. But it won't typically be a bank.” CertainStuffProductsTypeTradeCreditObligationSophisticatedLoan Author:Jamie Dimon
“I always credit; I never just steal something. I'm very much a product of everything that I've read and seen and heard or listened to.” HeardProductsCreditStealing Author:Moyra Davey