What Wall Street and credit card companies are doing is really not much different from what gangsters and loan sharks do who make predatory loans. While the bankers wear three-piece suits and don't break the knee caps of those who can't pay back, they still are destroying people's lives.
We developed microfinance to fight loan sharks - I was telling people don't go to loan sharks - not trying to take advantage and make money for myself. I would be a junior loan shark if I did... It is not a panacea.
We have lost that which has made us great over the generations, and that is the sense of individual and personal responsibility that we can come up, we can pursue our dreams and our aspirations and we won't be blocked by government regulation, by the inability to get a loan as a small business to make our dreams come true.
No loan is free. The costs are in your loan somewhere, maybe rolled into the amount to be refinanced or even coming at a higher interest rate.
I was obsessed with George Orwell for years. I remember going to the town library and having to put in interlibrary loan requests to get the compilation of his BBC radio pieces. I had to get everything he ever wrote.
On an average day, we allow ourselves the fiction that we own a piece of our workplace. That's part of what it takes to get the job done. Deeper down, we know it's all on loan.
Let's get one thing straight: No one wants Stafford loan interest rates to increase.
We have to change public perception of ex-convicts. Most Canadians don't realize that when you come out of prison, you're a complete pariah. You can't get a car loan or money from a bank to start a business. So most end up back in prison within 24 months. It's just so wrong. We need to fix this problem.
Our abode in this world is transitory, our life therein is but a loan, our breaths are numbered and our indolence is manifest.
So we make this big loan, most of it comes back to the United States, the country is left with the debt plus lots of interest, and they basically become our servants, our slaves. It's an empire. There's no two ways about it. It's a huge empire. It's been extremely successful.