--- title: "Meaning & Key Takeaway of: Let us not forget, the financial crisis…" description: "\"Let us not forget, the financial crisis had its roots in the decision by Congress to embark on a course of social justice to get everyone that wanted a..." image: "https://sms4smile.com/quotes/i/145/ed-royce-28605_afford_let-us-not-forget-the-financial-crisis-h_2676424.png" --- # Let us not forget, the financial crisis had its roots in… ![“Let us not forget, the financial crisis had its roots in the decision by Congress to embark on a course of social justice to get everyone that wanted a home into one, regardless of whether or not they could afford it.” quote by Ed Royce](https://sms4smile.com/quotes/i/145/ed-royce-28605_afford_let-us-not-forget-the-financial-crisis-h_2676424.png) [Download](https://sms4smile.com/quotes/i/145/ed-royce-28605_afford_let-us-not-forget-the-financial-crisis-h_2676424.png) [Open image](https://sms4smile.com/quotes/i/145/ed-royce-28605_afford_let-us-not-forget-the-financial-crisis-h_2676424.png) > “Let us not forget, the financial crisis had its roots in the decision by Congress to embark on a course of social justice to get everyone that wanted a home into one, regardless of whether or not they could afford it.” [Ed Royce](https://sms4smile.com/quotes/author/ed-royce/) ## About This Quote This interpretation was drafted with AI assistance. It is one reading of the quote, not the author's own explanation. The crisis stemmed from policies that pushed homeownership without checking buyers' ability to pay. **In simple terms:** Housing policies ignored affordability, causing crisis. Key Takeaway Ensure loans match borrowers' capacity. Themes economics housing policy risk social justice Mood cautious critical Type policy analysis When to use this quote - mortgage lending - homebuyer counseling - government housing programs - financial regulation Key Concepts Moral hazard systemic risk affordability regulation Questions to Reflect On - How can we balance social goals with financial stability? - What safeguards prevent unaffordable lending? A Different Perspective Critics argue social justice goals can conflict with fiscal prudence. ★ ★ ★ ★ ★ No ratings yet [Afford](https://sms4smile.com/quotes/about/afford/) [Congress](https://sms4smile.com/quotes/about/congress/) [Could](https://sms4smile.com/quotes/about/could/) [Course](https://sms4smile.com/quotes/about/course/) [Courses](https://sms4smile.com/quotes/about/courses/) [Crisis](https://sms4smile.com/quotes/about/crisis/) [Crisis Roots](https://sms4smile.com/quotes/about/crisis-roots-2544407/) [Decision](https://sms4smile.com/quotes/about/decision/) [Decision Congress](https://sms4smile.com/quotes/about/decision-congress-1748678/) [Embark](https://sms4smile.com/quotes/about/embark/) [Everyone](https://sms4smile.com/quotes/about/everyone/) [Financial](https://sms4smile.com/quotes/about/financial/) [Financial crisis](https://sms4smile.com/quotes/about/financial-crisis/) [Forget](https://sms4smile.com/quotes/about/forget/) [Get](https://sms4smile.com/quotes/about/get/) [Had](https://sms4smile.com/quotes/about/had/) [Home](https://sms4smile.com/quotes/about/home/) [Justice](https://sms4smile.com/quotes/about/justice/) [Let us](https://sms4smile.com/quotes/about/let-us/) [Money](https://sms4smile.com/quotes/about/money/) [Regardless](https://sms4smile.com/quotes/about/regardless/) [Roots](https://sms4smile.com/quotes/about/roots/) [Social](https://sms4smile.com/quotes/about/social/) [Social justice](https://sms4smile.com/quotes/about/social-justice/) [Us](https://sms4smile.com/quotes/about/us/) [Wanted](https://sms4smile.com/quotes/about/wanted/) [Whether](https://sms4smile.com/quotes/about/whether/) ## Related quotes > [The question is, who ought to make that decision? 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