“The crash of 2008 was driven in no small part by unfair practices in the mortgage industry, which led to many consumers becoming trapped in loans they didn’t understand and couldn’t afford.”

—  Al Franken

Sen. Franken Speaks on Senate Floor in Support of Richard Cordray to Head Consumer Financial Protection Bureau (7 December 2011); [2011, S, 8404]

Adopted from Wikiquote. Last update June 3, 2021. History

Help us to complete the source, original and additional information

Do you have more details about the quote "The crash of 2008 was driven in no small part by unfair practices in the mortgage industry, which led to many consumers…" by Al Franken?
Al Franken photo
Al Franken 13
American comedian and politician 1951

Related quotes

Alan Greenspan photo

“American consumers might benefit if lenders provided greater mortgage product alternatives to the traditional fixed-rate mortgage.”

Alan Greenspan (1926) 13th Chairman of the Federal Reserve in the United States

February 2004 http://www.startribune.com/nation/12598281.html, in a speech praising the benefits of adjustable-rate mortgages.
2000s

Nouriel Roubini photo
Jose Peralta photo
Robert B. Reich photo
T. E. Lawrence photo

“The people of England have been led in Mesopotamia into a trap from which it will be hard to escape with dignity and honor.”

T. E. Lawrence (1888–1935) British archaeologist, military officer, and diplomat

"Report on Mesopotamia" The Sunday Times (22 August 1920) http://www.lib.byu.edu/~rdh/wwi/1918p/mesopo.html
Context: The people of England have been led in Mesopotamia into a trap from which it will be hard to escape with dignity and honor. They have been tricked into it by a steady withholding of information. The Baghdad communiques are belated, insincere, incomplete. Things have been far worse than we have been told, our administration more bloody and inefficient than the public knows. It is a disgrace to our imperial record, and may soon be too inflamed for any ordinary cure. We are today not far from a disaster.

Benjamin Rush photo
John Varley photo
Larry Ellison photo

“The computer industry is the only industry that is more fashion-driven than women's fashion.”

Larry Ellison (1944) American internet entrepreneur, businessman and philanthropist

Referring to the term "cloud computing" in his Oracle OpenWorld 2008 speech, as quoted in "Oracle's Ellison nails cloud computing" at cnet (26 September 2008) http://news.cnet.com/8301-13953_3-10052188-80.html?part=rss&subj=news&tag=2547-1_3-0-5.
Context: The computer industry is the only industry that is more fashion-driven than women's fashion. Maybe I'm an idiot, but I have no idea what anyone is talking about. What is it? It's complete gibberish. It's insane. When is this idiocy going to stop?

Nicholas Sparks photo

Related topics