Barbara Ehrenreich Quotes
Every time a bank swoops down to snatch up a home, it should be met with a crowd of jeering, obstructive neighbors. And although this may be point 4.5, how about organizing a mass refusal to pay back student loans?
Ehrenreich, Barbara. This Land Is Their Land: Reports from a Divided Nation. Metropolitan Books, 2008.
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.
Barbara Ehrenreich is an American author and political activist who describes herself as "a myth buster by trade" and has been called "a veteran muckraker" by The New Yorker. During the 1980s and early 1990s she was a prominent figure in the Democratic Socialists of America. She is a widely read and award-winning columnist and essayist, and author of 21 books. Ehrenreich is perhaps best known for her 2001 book Nickel and Dimed: On (Not) Getting By in America. A memoir of Ehrenreich's three-month experiment surviving on minimum wage as a waitress, hotel maid, house cleaner, nursing-home aide, and Wal-Mart clerk, it was described by Newsweek magazine as "jarring" and "full of riveting grit," and by The New Yorker as an "exposé" putting "human flesh on the bones of such abstractions as 'living wage' and 'affordable housing'." She is a recipient of a Lannan Literary Award.