“We've got to change our regulatory system.”
More Inspiring Quotes by Barack Obama
“Because of the Civil Rights movement, new doors of opportunity and education swung open for everybody ... Not just for blacks and whites, but also women and Latinos; and Asians and Native Americans; and gay Americans and Americans with a disability. They swung open for you, and they swung open for me. And that's why I'm standing here today-because of those efforts, because of that legacy.”
“Inequality also distorts our democracy. It gives an outsized voice to the few who can afford high-priced lobbyists and unlimited campaign contributions, and runs the risk of selling out our democracy to the highest bidder. And it leaves everyone else rightly suspicious that the system in Washington is rigged against them - that our elected representatives aren't looking out for the interests of most Americans.”
Best Quotes about Government Policy
“Securities based on risky mortgages are what toppled financial institutions but it was the government that made the mortgages risky in the first place, by making home-ownership statistics the holy grail, for which everything else was to be sacrificed, including commonsense standards for making home loans.”
“No one pushed harder than Congressman Barney Frank to force banks and other financial institutions to reduce their mortgage lending standards, in order to meet government-set goals for more home ownership. Those lower mortgage lending standards are at the heart of the increased riskiness of the mortgage market and of the collapse of Wall Street securities based on those risky mortgages.”