Bankruptcy Quotes - Page 4

• Climate change has a very high procrastination penalty that just grows with each passing year of inaction - rather like what happens if you don't pay off your credit card. But for climate, there is no such thing as a fresh start from bankruptcy.

  William H. Calvin

  Procrastination, Years, Climate

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• The twentieth century was the bankruptcy of the social utopia; the twenty-first will be that of the technological one.

  Nassim Nicholas Taleb

  Twenties, Firsts, Utopia

  Nassim Nicholas Taleb (2010). “The Bed of Procrustes: Philosophical and Practical Aphorisms”, p.33, Random House

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• The worst disgrace that can befall a producer is an unkind notice from a New York reviewer. When this happens, the producer becomes a pariah in Hollywood. He is shunned by his friends, thrown into bankruptcy, and like a Japanese electing hara-kiri, he commits suttee.

  S. J. Perelman

  New York, Hollywood, Pariahs

  "Strictly from Hunger". "The Most of S. J. Perelman", p. 47, 1992.

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• Bankruptcies of governments have, on the whole, done less harm to mankind than their ability to raise loans.

  R. H. Tawney

  Government, Investing, Done

  R. H. Tawney (2016). “Religion And The Rise Of Capitalism”, p.75, Verso Books

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• All economic activity is dependent upon that environment and its underlying resource base of forests, water, air, soil, and minerals. When the environment is finally forced to file for bankruptcy because its resource base has been polluted, degraded, dissipated, and irretrievably compromised, the economy goes into bankruptcy with it.

  Gaylord Nelson

  Air, Water, Soil

  Gaylord Nelson, Susan M. Campbell, Paul A. Wozniak (2002). “Beyond Earth Day: Fulfilling the Promise”, p.18, Univ of Wisconsin Press

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• Apple was very close to bankruptcy and to irrelevance [but] you learn a lot about life through death, and I learnt a lot about vital corporations by experiencing a non-vital corporation. You would have thought that, when what stands between you and bankruptcy is some money, your focus would be on making some money, but that was not [Steve Jobs’] preoccupation. His observation was that the products weren’t good enough and his resolve was, we need to make better products. That stood in stark contrast to the previous attempts to turn the company around.

  Jonathan Ive

  Jobs, Irrelevance, Apples

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• Countries don't go out of business....The infrastructure doesn't go away, the productivity of the people doesn't go away, the natural resources don’t go away. And so their assets always exceed their liabilities, which is the technical reason for bankruptcy. And that's very different from a company.

  Walter Wriston

  Country, People, Going Away

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• With such global events looming over us like mountains, nay, like entire mountain ranges, it may seem incongruous and inappropriate to recall that the primary key to our being or non-being resides in each individual human heart, in the heart’s preference for specific good or evil. Yet this remains true even today, and it is, in fact, the most reliable key we have. The social theories that promised so much have demonstrated their bankruptcy, leaving us at a dead end.

  Aleksandr Solzhenitsyn

  Heart, Keys, Mountain Ranges

  "Have We Forgotten God?" by John W. Whitehead, www.huffingtonpost.com. March 18, 2010.

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• The Original Sin which brought us to the brink of bankruptcy and dictatorship was the Federal Income Tax Amendment and its illegitimate child, Federal Aid.

  Tom Anderson

  Children, Government, Income

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• The trial of Enron chiefs Jeffrey Skilling and Ken Lay began four-and-a-half years after perpetrating -- allegedly -- the fraud that led to the second largest bankruptcy in American history. Why four-and-a-half years? Because apparently it's harder to bring Ken Lay to trial than it is to invade two countries.

  Jon Stewart

  Country, Years, Two

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• A woman's whole life is a history of the affections. The heart is her world: it is there her ambition strives for empire; it is there her avarice seeks for hidden treasures. She sends forth
  her sympathies on adventure; she embarks her whole soul on the traffic of affection; and if shipwrecked, her case is hopeless — for it is a bankruptcy of the heart.

  Washington Irving

  Heart, Ambition, Adventure

  Washington Irving (1835). “The complete works of Washington Irving in one volume with a memoir of the author”, p.246

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• With the 2001 terror attacks, airline bankruptcies, pension terminations, loss of pay, changes in work rules — we're all working harder and longer than we used to.

  Chesley Sullenberger

  Loss, Terror Attacks, Pay

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• To run away from danger, instead of facing it, is to deny one's faith in man and God, even one's own self. It were better for one to drown oneself than live to declare such bankruptcy of faith.

  Mahatma Gandhi

  Running, Men, Self

  Mahatma Gandhi (1958). “Collected Works”

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• If the Nation is living within its income, its credit is good. If, in some crises, it lives beyond its income for a year or two, it can usually borrow temporarily at reasonable rates. But if, like a spendthrift, it throws discretion to the winds, and is willing to make no sacrifice at all in spending; if it extends its taxing to the limit of the peoples power to pay and continues to pile up deficits, then it is on the road to bankruptcy.

  Franklin D. Roosevelt

  Sacrifice, Years, Wind

  Roosevelt, Franklin D. (1938). “Public Papers of the Presidents of the United States: F.D. Roosevelt, 1928-1932, Volume 1”, p.797, Best Books on

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• Our national debt after all is an internal debt owed not only by the Nation but to the Nation. If our children have to pay interest on it they will pay that interest to themselves. A reasonable internal debt will not impoverish our children or put the Nation into bankruptcy.

  Franklin D. Roosevelt

  Children, Debt, Pay

  Roosevelt, Franklin D. (1941). “Public Papers of the Presidents of the United States: F.D. Roosevelt, 1939, Volume 8”, p.351, Best Books on

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• In the court of the movie Owner, none criticized, none doubted. And none dared speak of art. In the Owner's mind art was a synonym for bankruptcy. The movie Owners are the only troupe in the history of entertainment that has never been seduced by the adventure of the entertainment world.

  Ben Hecht

  Movie, Art, Adventure

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• One didn't really believe till one saw it demonstrated that giving oneself up completely to art, to emotion, to enjoyment, without planning for the future or counting the cost, produced dreadful disabilities and bankruptcies later.

  Edmund Wilson

  Art, Believe, Giving

  Edmund Wilson (1997). “The Edmund Wilson Reader”

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• Only when we have enough mental stress to force us to see our own bankruptcy of power, do we trust in God, and only when we trust in God can we make a contribution which will not collapse.

  Kenneth Lee Pike

  Stress, Trust In God, Enough

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• I fear that the rising personal bankruptcies and repossessions are the first signs of bigger problems to come and personal debt - Gordon Brown's legacy to millions of Britain's families - will hang like a millstone around the neck of the British people for years to come.

  Vince Cable

  Years, People, Legacy

  Vincent Cable's speech to the Lib Dem conference, www.theguardian.com. September 20, 2005.

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• Saving New York City from bankruptcy is like making love to a gorilla. You don't stop when you're tired; you stop when he's tired.

  Felix Rohatyn

  New York, Tired, Persistence

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

  Brian Sandoval

  Unemployment, Nevada, Rate

  "Brian Sandoval RNC speech". www.politico.com. August 29, 2012.

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• I do know that all of the Michigan delegation worked very hard as related to the revival of the auto industry. There was really a choice between bankruptcy and liquidation. There was no one that was willing to come up not only with the cash to keep them afloat but also to serve the warranties of everyone, you and I that drive all these cars. There was no one that could have picked up those pieces other than the federal government. [The auto bailout was] bipartisan from the get-go. [Without it,] Michigan would have hit 40 percent unemployment rates.

  Fred Upton

  Government, Car, Choices

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• It wasn't government that gave us nearly 50 million uninsured Americans and denials for pre-existing conditions. It wasn't government that gave us the yearly and lifetime caps on insurance coverage that have sent so many people into bankruptcy when they've faced a serious illness or accident... It wasn't government that gave us a system in which the gap between what we spend and what we get is so enormous. It was the free market.

  Paul Waldman

  Government, Serious Illness, People

  "The health care reality conservatives ignore" by Paul Waldman, www.cnn.com. November 29, 2013.

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• Lastly, there is bankruptcy, as the United States pours its economic resources into ever more grandiose military projects and shortchanges the education, health, and safety of its citizens.

  Chalmers Johnson

  Military, America, Safety

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• If there were such a thing as Chapter 11 for politicians, the Republican push to extend the unaffordable Bush tax cuts would amount to a bankruptcy filing.

  David Stockman

  Cutting, Republican, Politician

  "Four deformations of the Apocalypse" by David Stockman, www.nytimes.com. July 31, 2010.

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