People with banking experience haven’t all flocked to the biggest banks; community banks and regional banks, along with smaller trading houses and credit unions, have some very talented people.
Consumer banking – selling debt to middle class families – has been a gold mine.
People have hearts, they have kids, they get jobs, they get sick, they cry, they dance. They live, they love, and they die. And that matters.
Wall Street’s outsized influence in our nation’s capital is something I’ve talked about for a long time – long before I even thought about running for office. But where I see a problem – an infestation, really – a lot of others in Washington, both Democrats and Republicans, seem to see government working just fine.
I graduated law school nine months pregnant and didn’t take a job.
Are you ready to fight for good jobs and and a solid level playing field? Are you ready to prove to another generation of Americans that we can build a better country and a newer world? Joe Biden is ready. Barack Obama is ready. I am ready. You’re ready.
You have two pages, that’s the whole credit card agreement. The terms are clear and flat and easy to see so anyone can read them. So you could lay four credit cards in front of you and say, ‘Oh, that’s the one that has the highest rate, that’s the one that has the really scary provision that could hurt me.’
With the right sources of funding and some smart, strategic thinking about how to force non-banks to follow the same rules as other lenders, the entire landscape of consumer lending would change.
You didn’t have to worry that marauding bands would come and seize everything in your factory and hire someone to protect against this because of the work the rest of us did.
I think a lot of Americans are not sure which side Washington is on: the side of banks or the side of the people.
The 21st Century Glass-Steagall Act will reestablish a wall between commercial and investment banking, make our financial system more stable and secure, and protect American families.
When she was 16, my grandmother, Hannie Reed, drove a wagon in the Oklahoma land rush.
Markets work when people can evaluate the prices and risks of different products, then pick the ones that work best for them. But when the terms of the deal are hidden, competition doesn’t work. And customers aren’t the only ones who are hurt.
Everyone would like the world always to be in bubble times. But that doesn’t happen.
Writing laws based on an abstract theory, rather than reality, is a dangerous undertaking.
Banks were once places to hold money and were very careful in lending to finance families as they built a future – bought homes, bought cars, took out student loans.
Bankruptcy exposes the economic vulnerability and insecurity of middle class women.
Thomas Piketty assembles the facts to prove a central point about trickle-down economics: Doesn’t work. Never did. He has cold, hard data showing how the rich keep getting richer and how the playing field is rigged against working families.
Truly successful lives are about family.
Some of these biggest financial institutions are out there trading in commodities. They’re buying oil tankers. This is not a financial system that has calmed down and is there to serve the American people.
And that’s how we build the economy of the future. An economy with more jobs and less debt, we root it in fairness. We grow it with opportunity. And we build it together.
The poor pay more, and that’s one of the reasons people get trapped at the bottom of the economic ladder.
Pages: 1 2
