A Quote by Michael Lewis

The CDO was, in effect, a credit laundering service for the residents of Lower Middle Class America. For Wall Street it was a machine that turned lead into gold.

Michael Lewis

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America Class Credit Effect Gold Lead Lead In Lower Machine Middle Middle Class Residents Service Street Turned Wall Wall Street

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Michael Lewis
American - Author
Born: October 15, 1960

I do believe that we should substantially lower student debt in this country, which is crushing millions of people. We pay for it, in my view, by a tax on Wall Street speculation. The middle class bailed out Wall Street in their time of need. Now, it is Wall Street's time to help the middle class.

Bernie Sanders

The anger from Occupy Wall Street is coming from this simple fact: America no longer seems to be a place where you can work your way up, from rags to riches, from lower class to middle class to upper class.

Meghan McCain

Wall Street shouldn't be deregulated. I think Wall Street and Main Street need to play by the same set of rules. The middle-class can't carry the burden any longer, that is what happened in the last decade. They had to bail out Wall Street.

Stephanie Cutter

There are three social classes in America: upper middle class, middle class, and lower middle class.

Judith Martin

Wall Street has turned the economy into a giant asset-stripping scheme, one whose purpose is to suck the last bits of meat from the carcass of the middle class.

Matt Taibbi

Look at what's happening between Main Street and Wall Street. The stock market index is up 136 percent from the bottom. Middle class jobs lost during the correction: six million. Middle class jobs recovered: one million. So therefore we're up 16 percent on the jobs that were lost. These are only born-again jobs. We don't really have any new jobs, and there's a massive speculative frenzy going on in Wall Street that is disconnected from the real economy.

David Stockman

Let us wage a moral and political war against the billionaires and corporate leaders, on Wall Street and elsewhere, whose policies and greed are destroying the middle class of America.

Bernie Sanders

When it comes to America's economy, the truth is that Mitt Romney believes that the key to our country's economic future lies in the failed policies of the past, the same ones that put banks before people, Wall Street before Main Street, plunging us into recession and devastating the middle class.

Charlie Gonzalez

When I was just 13, we went from being middle class to lower middle class and finally lower class, as someone close to my father took away everything he had, including his property. All of a sudden, I started working at the age of 13.

Nana Patekar

We will lower the tax burden on middle class Americans by asking the very wealthy to pay their fair share. Middle class taxpayers will have a choice between a children's tax credit or a significant reduction in their income tax rate.

William J. Clinton

Inequality has the natural and necessary effect, under the present circumstances, of materializing our upper class, vulgarizing our middle class, and brutalizing our lower class.

Matthew Arnold

President [Barack] Obama's staking his reelection hopes on rebuilding America's middle class. He wants higher taxes on the wealthy, tougher rules on Wall Street, and everyone else to get a fair shot to succeed. Republicans can cry "class warfare" if they want, but as the president put it today, it's about this country's welfare.

Chris Matthews

All roads lead to Wall Street, but we feel the effects of Wall Street on every street corner. Certainly in Syracuse, N.Y., where I live.

Dana Spiotta

For 40 years, the American middle class has been disappearing. Millions of people are working longer hours for lower wages despite a huge increase in technology and productivity. And what we have seen during that period is a massive transfer of trillions of dollars from the middle class to the top one-tenth of 1 percent of America

Lindsey Graham

A collapse in U.S. stock prices certainly would cause a lot of white knuckles on Wall Street. But what effect would it have on the broader U.S. economy? If Wall Street crashes, does Main Street follow? Not necessarily.

Ben Bernanke

In every society, manufacturing builds the lower middle class. If you give up manufacturing, you end up with haves and have-nots, and you get social polarization. The whole lower middle class sinks.

Vaclav Smil

A Quote by Michael Lewis

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