Political Quotes

Lisa Madigan: “How dare you? How dare you put people into loans when you knew they didn't understand them, you knew they couldn't…”

On the recordOctober 16, 2008
How dare you? How dare you put people into loans when you knew they didn't understand them, you knew they couldn't afford them, and you knew they couldn't get out of those loans?
Said by
Lisa Madigan
Illinois

Editor's note · Context

Lisa Madigan criticizes Angelo Mozilo for putting people into unaffordable loans.

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More from Lisa Madigan

Mar 19, 2012

We are looking at student loans as really just the next predatory lending issue that we need to contend with.

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You can't keep on giving money out to these predatory subprime colleges. It is a waste of taxpayer dollars and, worse than that, you are ruining people's lives by allowing it to happen.

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Jul 23, 2014

Student loan debt should not prevent millions of them from fully participating in the economy or ever achieving financial security.

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Feb 4, 2015

The law should preserve the states' ability to use their own consumer protection laws and Congress should give the states the right to enforce the Federal law.

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