John Walters Quotes


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What made the situation worse at the time that the same big banks who got government bailouts to prevent failure and received the 0.75 percent rate, turned around and lent the money to the students not only charging them 9 times what they paid for the money, but also getting a government guarantee that the loans would be repaid and/or government prohibition of students going bankrupt and discharging their debt like any other American in financial difficulty. So the banks made huge profits and yet took no risk—a strange notion in capitalism.


John Walters
John Walters
  • Born: July 11, 1939
  • Died: July 30, 2001
  • Nationality: British
  • Profession: Musician

John Walters was a British radio producer, presenter and musician. Initially a schoolteacher and a jazz enthusiast, he played trumpet in The Mighty Joe Young Jazz Men and the 1960s pop group The Alan Price Set before joining BBC Radio 1 in 1967, where he was John Peel's producer from 1969 to 1991.