Steve Mnuchin Quotes

Millions of Americans are struggling to pay their mortgages. They have a right to know whether members of Congress receive sweetheart deals in order to pay for theirs.

Houses were sold with the idea that the people who bought them would not be able to pay for them..

When I saw houses in Palmdale going for $500K, I knew something was wrong. If you got foreclosed, I don't feel sorry for you!

So people have been hurting and I understand that. And it doesn't give them comfort or solace for me to tell them, you know, but for me, we would be in a worldwide depression.

The middle class is teetering on the brink of collapse just as surely as AIG was in the fall of 2009 - only this time, it's not just one giant insurance company (and its banking counterparties) facing disaster, it's tens of millions of hardworking Americans who played by the rules.

In the press, it has been said that I ran a foreclosure machine.

I can go back to poverty if a situation comes. I have sailed through the worst days of my life, and I am prepared for any crisis.

New Labour has created a society increasingly oppressed by the worry of personal debt.

These days the American dream of home ownership has turned into a nightmare for millions of families. They wake every day to the reality of a horrible decline in the value of the home that has meant so much to them.

Britain is a textbook case of how growing inequality leads to economic crisis. The years before the crash were marked by a sharp rise in remortgaging and the growth of 0 percent balance transfer credit cards. By 2008 the UK had the highest ratio of household debt to GDP of any major economy.

The mortgage crisis is a clear instance of consumers who needed protection. There was predatory lending to people who didn't know what they were doing.

I didn't feel the Depression at all. I always had a pocketful of money.

I've known the panic of financial struggle. I didn't grow up with money at all, and my family has certainly known the panic of, 'Oh, gosh, where's the next bit of money coming from?'

Nevada was hit hardest by the recession - highest unemployment, highest foreclosure rate, highest bankruptcy rate.

I think it is really sad that when people lose their homes they kind of lose their minds too.

People don't walk away from their homes unless they can't make the payments. That's an indication that we are in a recession.

The problem with not saving is it can often mean you're - a crisis away from, as we've seen in some cases, living in your car or losing your home or - having your lights shut off.

You know, every family and every business in California knows what it means to go through tough times.

How long will it take the citizens of the United States, one wonders, to recognize that the house their country bombed in Iraq is the same one they were living in until it was foreclosed?

Trapped in the bureaucracy nightmare, real families suffer when the big banks and their servicers force foreclosures. The emotional toll on children packing up their rooms and on parents struggling to find a temporary roof is a deep one.

My folks were so worried about what they were going to do. All they can take was what they could carry with their hands. What they had for twenty-five years of building their business was going to go out the door, or they're going to lose it.

I come from a country in which I experienced economic collapse.

How about we all stop paying our mortgages! It's a moral hazard.

I have no problem talking about how hard it's been, how broke I've been, and how broke I was not even that long ago.

Congressman Watt has a long history of advocating against predatory lending and the mortgage practices that caused millions of families to lose their homes.