Political Quotes

Marcy Kaptur: “Liars loans. They would go up to a senior citizen, a woman after she'd lost her husband and they would say, ma'am, you…”

On the recordFebruary 9, 2012
Liars loans. They would go up to a senior citizen, a woman after she'd lost her husband and they would say, ma'am, you know, we feel very sorry for you, but we want you to know we have a deal. You'll never have to worry about your financial future again. And they got her to cash out her equity, and they put one of these balloon payments on there, so she ended up having to pay more than she could afford 10 years out. This is what happened to people. There's so much crime inside of what was done in community after community. And what's been happening at the FBI is they have not been able to beef up their Financial Fraud Division, and they've been held--that's why you haven't had the people arrested.
Said by
Marcy Kaptur
Democratic · Ohio
Source
govinfo.gov
Feb 9, 2012

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