A Quote by Phil Gramm
I look at subprime lending and I see the American dream in action.
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Groups that work in black neighborhoods around the country have contended that much of subprime lending is 'predatory lending.'
Home ownership was the fig leaf for the rise in subprime lending. But that was really about cash-out refinancings, not buying homes.
Subprime lending is growing faster in black areas than in white areas.
What began as a subprime lending problem has spread to other, less risky mortgages and contributed to excess home inventories that have pushed down home prices for responsible homeowners.
There are clear patterns of discrimination against Blacks and Latinos. The big banks targeted Blacks and Latinos with toxic packages of subprime predatory lending.
I still believe in the American Dream. I see it in terms of freedom, and a government that trusts its people to exercise freedom, that this is not a government that allows you to give, that allows you to explore, and doesn't dampen your own creativity - in the broadest sense - with a lot of dictums or dogmas or restraints. So, insofar as we can remain a free country that allows for the interplay of personal energies. I think this is still a country that is not only working towards a dream, but actually is the dream in action.
No, I’m not an American. I’m one of the 22 million black people who are the victims of Americanism. One of the … victims of democracy, nothing but disguised hypocrisy. So, I’m not standing here speaking to you as an American, or a patriot, or a flag-saluter, or a flag-waver - no, not I. I’m speaking as a victim of this American system. And I see America through the eyes of the victim. I don’t see any American dream; I see an American nightmare.
I feel that The American Dream is this fallacy that you come to the United States and win lotto. That's a disservice to The American Dream because the American Dream is worth striving for. And it's not easy.
I see America through the eyes of the victim. I don’t see any American dream; I see an American nightmare.
The American dream is at jeopardy. This president [Obama] has defined the American dream as more dependence on the government. We need to restore the American dream so it's more about opportunity and growth and not redistribution.
I don't see social media as lending my voice as much as I see it speaking my truth. If you look at my open letters, the one I wrote about Blue Ivy too - you see, I am always as the foundation, talking about us being a better humanity. I believe in that.
There is no Croatian dream. There is no European Union dream. There is no Chinese communist dream, except maybe to get out. But there is and always has been an American dream. And the dream is possible. The dream can become real.
And when I speak, I don't speak as a Democrat or a Republican, nor an American. I speak as a victim of America's so-called democracy. You and I have never seen democracy - all we've seen is hypocrisy. When we open our eyes today and look around America, we see America not through the eyes of someone who has enjoyed the fruits of Americanism. We see America through the eyes of someone who has been the victim of Americanism. We don't see any American dream. We've experienced only the American nightmare.
We talk about the American Dream, and want to tell the world about the American Dream, but what is that Dream, in most cases, but the dream of material things? I sometimes think that the United States for this reason is the greatest failure the world has ever seen.
There are two issues that people sometimes confuse, but they're very closely related. There is the strength and the stability of the American financial system. And it's very important that that system remain stable and remain strong and lending is very important to consumers. Secondly, the economy. And what has gone on in financial system is impacting the economy. And as the economy is turning down, it is very important that lending continue to be available and be available to consumers. So what we're doing with this facility is to support - is to support consumer lending.
The American Dream has really good PR. It's kind of difficult to live in the United States and not on some level be pulled into the allure of the American Dream. It's in the DNA of the country. So, for a population coming out of slavery, desperate to become part of the full life of the United States, it only makes sense that they would embrace this route to the American Dream.
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