“Reckless people have deluded themselves that this was a subprime crisis. But we have problems with credit-card debt, student-loan debt, auto loans, commercial real estate loans, home-equity loans, corporate debt and loans that financed leveraged buyouts… We have a subprime financial system, not a subprime mortgage market.”

— Nouriel Roubini

Quoted in Stephen Mihm, "Dr. Doom," http://www.nytimes.com/2008/08/17/magazine/17pessimist-t.html?_r=1&oref=slogin The New York Times (2008-08-15).

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Nouriel Roubini 9

American economist 1958

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Jim Butcher book Summer Knight

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“The American people deserve a Congress that worries less about helping big banks, and more about helping regular people who have been cheated on mortgages, on credit cards, on student loans and on credit reports.”

Elizabeth Warren (1949) 28th United States Senator from Massachusetts

As quoted in "Sen. Elizabeth Warren slams Republicans: Worry less about helping big banks" by Eric W. Dolan, in Raw Story (12 March 2013) https://www.rawstory.com/2013/03/sen-elizabeth-warren-slams-republicans-worry-less-about-helping-big-banks/
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“Protocols: What also indeed is, in substance, a loan, especially a foreign loan? A loan is an issue of government bills of exchange containing a percentage obligation commensurate to the sum of the loan capital. If the loan bears a charge of 5 percent, then in twenty years the State vainly pays away in interest a sum equal to the loan borrowed, in forty years it is paying a double sum, in sixty treble and all the while the debt remains an unpaid debt.
from this calculation it is obvious that with any form of taxation per head the State is bailing out the last coppers of the poor taxpayers in order to settle accounts…; instead of collecting
Graves: These two books were written 40 years apart from each other…why is the same interest rate employed by the “Protocols?””

Will Eisner (1917–2005) American cartoonist

Surely they must have changed during all that time.
Raslovlev: Very revealing…eh?
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“We have a crisis in higher education today. Too many of our young people cannot afford a college education and those who are leaving college are faced with crushing debt. It is a national disgrace that hundreds of thousands of young Americans today do not go to college, not because they are unqualified, but because they cannot afford it. This is absolutely counterproductive to our efforts to create a strong competitive economy and a vibrant middle class. This disgrace has got to end. In a global economy, when our young people are competing with workers from around the world, we have got to have the best educated workforce possible. And, that means that we have got to make college affordable. We have got to make sure that every qualified American in this country who wants to go to college can go to college -- regardless of income. Further, it is unacceptable that 40 million Americans are drowning in more than $1.2 trillion in student loan debt. It is unacceptable that millions of college graduates cannot afford to buy their first home or their first new car because of the high interest rates they are paying on student debt. It is unacceptable that, in many instances, interest rates on student loans are two to three times higher than on auto loans.”

Bernie Sanders (1941) American politician, senator for Vermont

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“Nothing's a gift, it's all on loan.
I'm drowning in debts up to my ears.
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with my self,
give up my life for my life.”

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“But inasmuch as that light is loaned,
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“A few more ways to gain traction: - Support a Federal Jobs Guarantee, - Bailout Student Debt, - Legalize Marijuana & Explore Reparations, Baby Bonds. Here’s our Student Loan Cancellation Digital Town Hall…”

Alexandria Ocasio-Cortez (1989) American politician

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“Why China suddenly is a question? Of course, there has been the concern that they may not be giving loans that are concessional, and the danger is that these countries might go back into the debt, some of the countries that they have been forgiven their debts. This I found to be a valid point, maybe not with Tanzania, because we don’t have much in terms of this huge Chinese development assistance.”

Jakaya Kikwete (1950) Tanzanian politician and president

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Interviews, Interview with Financial Times, 2007-10-04 http://www.ft.com/cms/s/0/d8a07e28-72a3-11dc-b7ff-0000779fd2ac.html?nclick_check1/

“The secret of high finance… if you really need a loan, you won't qualify. And if you don't need a loan, all the lenders will line up to give you money.”

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“I was aware that the loosening of mortgage credit terms for subprime borrowers increased financial risk. But I believed then, as now, that the benefits of broadened home ownership are worth the risk.”

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

September 2007 http://www.startribune.com/nation/12598281.html, Greenspan's memoir The Age of Turbulence: Adventures in the New World.
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Nouriel Roubini 9

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