There's been such a sense that there's one set of rules for trillion-dollar financial institutions and a different set for all the rest of us. It's so pervasive that it's not even hidden.
Elizabeth WarrenRead
Families rely on financial services more than ever, but those who need them most - who struggle to make ends meet - too often must contend with sky-high interest rates and tricks and traps buried in the fine print of their loan products.
Interpretation
What this quote means
Financial services are essential for families, yet those in need often face burdensome terms and high costs.
This quote by Elizabeth Warren highlights the struggles that families face when seeking financial services. It addresses the disparity between the urgent need for affordable and transparent financial assistance among low-income families and the often exploitative terms they encounter in loan products, which can further entrench their financial difficulties.
Themes
Financial ServicesInterest RatesLoansFamiliesFinancial Literacy
In practice
Example use cases
In a discussion about affordable lending practices, I would quote this to emphasize the challenges faced by low-income families.
More from Elizabeth Warren
All quotes →Mitt Romney is the guy who said corporations are people. No, Governor Romney, corporations are not people.
Elizabeth WarrenRead
I talk to nurses and programmers, salespeople and firefighters - people who bust their tails every day. Not one of them - not one - stashes their money in the Cayman Islands to avoid paying their fair share of taxes.
Elizabeth WarrenRead
'Middle class' used to be synonymous with secure, with steady, with boring, because middle-class people were people who were pretty much safe from the time they first started work on through retirement and until their deaths. No longer.
Elizabeth WarrenRead
Does anyone believe that Goldman Sachs is gonna give up a deal that would yield millions of dollars because someone fussed at them behind closed doors?
Elizabeth WarrenRead
We shouldn't be profiting from our students who are drowning in debt while giving a great deal to the banks. That's just wrong.
Elizabeth WarrenRead
Similar quotes
I believe, in the stock market - that's one of my fields - that most people are irrational. And to be irrational, you can be irrational in so many different ways that, practically, the result is indeterminate.
Paul SamuelsonRead
If you owe $50, you're a delinquent account. If you owe $50,000, you're a small businessmen. If you owe $50 million, you're a corporation. If you owe $50 billion, you're the government.
Lynn Townsend White, Jr.Read
A big part of financial freedom is having your heart and mind free from worry about the what-ifs of life.
Suze OrmanRead
The thing I have discovered about working with personal finance is that the good news is that it is not rocket science. Personal finance is about 80 percent behavior. It is only about 20 percent head knowledge.
Dave RamseyRead
The basic story remains simple and never-ending. Stocks aren't lottery tickets. There's a company attached to every share.
Peter LynchRead
While enthusiasm may be necessary for great accomplishments elsewhere, on Wall Street it almost invariably leads to disaster
Benjamin GrahamRead