A thought crossed his mind: How do you make poor people feel wealthy when wages are stagnant? You give them cheap loans.
--
Chapter One, A Secret Origin Story, p. 14Michael Lewis
» Michael Lewis - all quotes »
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
I cannot always sympathize with that demand which we hear so frequently for cheap things. Things may be too cheap. They are too cheap when the man or woman who produces them upon the farm or the man or woman who produces them in the factory does not get out of them living wages with a margin for old age and for a dowry for the incidents that are to follow. I pity the man who wants a coat so cheap that the man or woman who produces the cloth or shapes it into a garment will starve in the process.
Benjamin Harrison
Poor people always pay back their loans. It's us, the creators of institutions and rules, who keep creating trouble for them.
Muhammad Yunus
The great question for our time is, how to make sure that the continuing scientific revolution brings benefits to everybody rather than widening the gap between rich and poor. To lift up poor countries, and poor people in rich countries, from poverty, to give them a chance of a decent life, technology is not enough. Technology must be guided and driven by ethics if it is to do more than provide new toys for the rich.
Freeman Dyson
It is almost enough to make one's jaw drop to think that officials at the World Bank and the IMF would suggest that they have poverty alleviation in mind when they force governments to withdraw subsidies that enable poor people to get clean water to drink. If this is a policy aimed at helping the world's poor, it's interesting to imagine what a policy aimed at hurting the world's poor would look like.
Linda McQuaig
Lewis , Michael
Lewis, Alun
A
B
C
D
E
F
G
H
I
J
K
L
M
N
O
P
Q
R
S
T
U
V
W
X
Y
Z