Political Quotes

De Alexander: “Two per cent. a month did not deter borrowers who expected to make one hundred per cent. before the end of the year.”

On the record
Two per cent. a month did not deter borrowers who expected to make one hundred per cent. before the end of the year.
Said by
De Alexander
Republican · New York

Editor's note · Context

This quote highlights the risky borrowing behavior of individuals during a speculative financial environment.

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