A Quote by Elizabeth Warren

Personal responsibility matters. There are no excuses for those who spend money on things they cannot afford. But it's a whole lot harder to act responsibly when consumer credit contracts are designed to be incomprehensible, when prices are obscure and risks are hidden.

Elizabeth Warren

Quote Topics

Act Afford Cannot Consumer Contracts Credit Designed Excuses Harder Hidden Incomprehensible Lot Matters Money No Excuses Obscure Personal Personal Responsibility Prices Responsibility Responsibly Risks Spend Things Those Whole

Quote Author

Elizabeth Warren
American - Public Servant
Born: June 22, 1949

It's critical to level the playing field, to make prices and risks clear up front, so when someone signs on for a student loan or a mortgage or a credit card, they know the tricks and traps hidden in the fine print. That's why the Consumer Financial Protection Bureau has been working on a new financial aid shopping sheet. A shorter, two-page credit card agreement, a simpler mortgage disclosure form. All those are aimed toward helping people understand the basic bargain.

Elizabeth Warren

Big banks churn out page after page of incomprehensible fine print to obscure the cost and risks of checking accounts, credit cards, mortgages and other financial products. The result is that consumers can't make direct product comparisons, markets aren't competitive, and costs are higher. If the playing field is leveled and the broken market fixed, a lot more money will stay in the pockets of millions of hard-working families. That's real stimulus - money to families, without increasing our national debt.

Elizabeth Warren

Who gets the risks? The risks are given to the consumer, the unsuspecting consumer and the poor work force. And who gets the benefits? The benefits are only for the corporations, for the money makers.

Cesar Chavez

We can't constantly explain to our voters that taxpayers have to be on the hook for certain risks, rather than those who make a lot of money taking those risks.

Angela Merkel

If you don't have money or you come from a background that doesn't have money, it's harder to achieve your ambition in life. It's not that you can't, but it becomes harder. Inequality is one of the worst things that can exist in our society, so I am interested in those kind of things.

Andrew Haigh

When you have a lot of construction going on, it sends a message of vitality that builds up consumer confidence. It gets people to spend money when they see that energy, that things are happening.

Mick Cornett

Right and responsibility go hand in hand. You can't give rights to those who are not responsible. If you want to let your canary out of the cage, the first thing you would do is to kick your cat out of the house. This does not mean you don't love your cat, but he has no right to stay in the house because he can't act responsibly. It would be foolish to wait until he kills the canary and then punish him. You already know the cat can't be trusted. The problem with Muslims is that they too can't be trusted and can't act responsibly.

Ali Sina

There was a lot of risk taken in the Mercury and Apollo eras, and we don't take those risks anymore. We've designed the systems to eliminate risk, which makes it take forever and cost too much money.

Gwynne Shotwell

What we have now is a situation where politicians get a whole bunch of money from mainly business interests. Then once they hold that office, they spend all their time in office paying back over and over again those campaign contributions through various favors and contracts and that sort of thing.

Matt Taibbi

Since nothing is so secret or hidden that it cannot be revealed, everything depends on the discovery of those things that manifest the hidden.

Paracelsus

There's also consumer debt, the credit card debt that burdens many of the working families in America. Yes, we talk about national debt, and we're paying a lot down. But you're fixing to hear me tell you part of the remedy for people who have got a lot of credit card debt is to make sure people get some of their own money back.

George W. Bush

Hedge funds are a very efficient way of managing money. But there are clearly some risks. Hedge funds use credit and credit is a source of instability. Transactions involving credit should be regulated.

George Soros

I understand gas prices are like a hidden tax - not a hidden tax; it's taking money out of people's pockets. I know that.

George W. Bush

Under the old system - which is now so archaic that a lot of people can't remember it - if you wanted money you had to go to the bank and take the money out in cash form, and you couldn't take out money that you didn't have. But with the credit card you can spend money you don't have, and that is just so tempting.

Margaret Atwood

Partying is not a sane way to spend money, but it's fun. When we were young, we did not have a lot of money at all, so I thought, 'If I ever get rich, I'm not going to become one of those boring rich people who doesn't spend money.'