A Quote by Alex Berenson

Trailer home borrowers, mostly near the bottom of the economic ladder, often default on their loans. — © Alex Berenson
Trailer home borrowers, mostly near the bottom of the economic ladder, often default on their loans.
Oftentimes when you have the federal government or others step in and start to raise minimum wage, what happens is you take away or reduce some people's opportunity to grab the bottom rung of the economic ladder to get the opportunities and the skills that you need to move up that economic ladder.
Too often, borrowers who need quick cash end up trapped in loans they can't afford.
Because the fees associated with a reverse mortgage are high, such loans make sense only for borrowers who expect to live in their home for a number of years.
While payday loans are often the only source of credit for low-income Americans, these lenders are notorious for predatory practices that cause borrowers to fall deeper into debt.
The poor pay more, and that's one of the reasons people get trapped at the bottom of the economic ladder.
When borrowers anticipate that politicians might cancel their loans, they stop paying.
Better to be at the bottom of a ladder you want to climb than in the middle of some ladder you don’t, right?
When you're an immigrant, you're at the bottom of the ladder. You might not be at the bottom of the ladder economically. Those contradictions led me to feel that the role in society I was given didn't jive with my sense of myself. I think, in fact, that is the case with most people. Everybody feels themselves to be in an original relationship to creation, and feels confined by their social role.
I think it is inflationary. I think it actually is counterproductive in many ways. You end up costing jobs from people who are at the bottom rung of the economic ladder.
All of which is mostly bullshit. The reality is that it's just like any other Ponzi scheme: the guys at the top are doing pretty well, but the guys on the bottom are doing Amway pitches in trailer parks.
My investigation found Sallie Mae put student borrowers into expensive subprime loans that it knew were going to fail.
Standing athwart ineffective, feel-good legislation shouting, 'Stop!' is seen as a betrayal of those struggling to get their footing on the lowest rung of the economic ladder. Yet raising the minimum wage hacks the lowest rungs off the ladder altogether. But economic logic doesn't wash with liberals who are intent on inflaming class warfare.
At the bottom of education, at the bottom of politics, even at the bottom of religion, there must be for our race economic independence.
Fred Durst gave my first wife a tattoo of a star on the bottom of her foot when she was 14 years old in his trailer home. So that was my first introduction to Limp Bizkit.
An old essay by John Updike begins, 'We live in an era of gratuitous inventions and negative improvements.' That language is general and abstract, near the top of the ladder. It provokes our thinking, but what concrete evidence leads Updike to his conclusion ? The answer is in his second sentence : 'Consider the beer can.' To be even more specific, Updike was complaining that the invention of the pop-top ruined the aesthetic experience of drinking beer. 'Pop-top' and 'beer' are at the bottom of the ladder, 'aesthetic experience' at the top.
When the financial system works as it should, money and capital flow to and from households and businesses to pay for home loans, school loans, and investments to create jobs.
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