It's a bad deal for community lending. We've looked at Sovereign's existing lending in the market - from Philadelphia to Boston - and we found that in all of the markets we've looked at they disproportionately deny credit to people of color, African Americans and Latinos. Where credit is granted, they are much more likely to impose higher costs on people of color.
More Quotes from Matthew Lee:
You make more money gouging -- that's the problem. For strictly economic reasons, even with guidance and speeches by regulators, they're still not going to do it.Matthew Lee
We worked real hard tonight. We got back when we needed to and helped out on defense, then we generated the attack and got the ball to the forwards.
Matthew Lee
Home playoff games are a lot of fun with the big crowds. Now, we've just got to make sure we keep playing the way we need to play, make sure we stay on track.
Matthew Lee
It's a good feeling because you know you have the momentum. It gets everybody fired up, and you feel like you've got a good shot to go on and play well from there.
Matthew Lee
It's a practice that clearly injures people. This is a vulnerable population that I think believes if they pay back these loans they're getting somewhere. This is a predatory practice. You really are confining someone.
Matthew Lee
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