Bankruptcy Quotes - Page 5

• 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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• Bankruptcies increase 18 percent to 42 percent above the national average

  John Warren Kindt

  Gambling, Average, Increase

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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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• A noted cancer specialist in Boston said he believed that if some simple and inexpensive replacement for Chemotherapy for the treatment of cancer were found tomorrow, all US medical schools would teeter on the verge of bankruptcy, so integral a part of their hospital revenues is oncology, the medical specialty of cancer treatment

  Barry Lynes

  Cancer, School, Simple

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• [T]ruly grand and powerful theories [...] do not and cannot rest upon single observations. Evolution is an inference from thousands of independent sources, the only conceptual structure that can make unified sense of all this disparate information. The failure of a particular claim usually records a local error, not the bankruptcy of a central theory. [...] If I mistakenly identify your father's brother as your own dad, you don't become genealogically rootless and created de novo. You still have a father; we just haven't located him properly.

  Stephen Jay Gould

  Brother, Powerful, Dad

  "Leonardo's Mountain of Clams and the Diet of Worms". Book by Stephen Jay Gould, "Mr. Sophia's Pony", p. 155, 1998.

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• The days of life are consumed, one by one, without an object beyond the present moment; ever flying from the ennui of that, yet carrying it with us; eternally in pursuit of happiness, which keeps eternally before us. If death or bankruptcy happen to trip us out of the circle, it is matter for the buzz of the evening, and is completely forgotten by the next morning.

  Thomas Jefferson

  Life, Morning, Pursuit Of Happiness

  Thomas Jefferson (1829). “Memoirs, Correspondence, and Private Papers of Thomas Jefferson: Late President of the United States”, p.95

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• Hey, guess what? Turns out the free market? Not so free. Wall Street was hit hard Monday when Lehman Brothers filed for bankruptcy, Merrill Lynch was sold to Bank of America, and insurance giant AIG neared a collapse of its own. Basically, if your commercials air during golf tournaments, you're done.

  Amy Poehler

  Monday, Brother, Wall

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• The story of Detroit's bankruptcy was simple enough: Allow capitalism to grow the city, campaign against income inequality, tax the job creators until they flee, increase government spending in order to boost employment, promise generous pension plans to keep people voting for failure. Rinse, wash and repeat.

  Ben Shapiro

  Jobs, Simple, Cities

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• When there were fears about the future of this nation's older cities... when a few of the cities teetered on the brink of bankruptcy, all eyes were focused on Chicago for contrast.

  Jane Byrne

  Eye, Cities, Chicago

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• Once you get to your forties or fifties in this society, very few people haven't had at least one body blow - financial, bankruptcy, divorce, relationship disaster, addiction, trouble with a child, trouble with a parent. Most people take some blow.

  Marianne Williamson

  Children, Divorce, Blow

  Source: rayhemachandra.com

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• There are financial bankruptcies in many parts of the church. No question about that. But we see the possibility of reimagining and revitalizing the church.

  Shane Claiborne

  Church, Reimagining, Financial

  "Interview with Shane Claiborne on Common Prayer". www.readthespirit.com. 2012.

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• But credit card debt is unsecured debt, which means if you get in trouble and cannot pay off your credit card, you can discharge it in bankruptcy. What are they going do to you? If you're in a financial position to just methodically pay off both credit card and student loans, pay them all.

  Suze Orman

  Mean, Cards, Credit

  "Debt vs. debt: Which loans do I pay off first?". "Today" Interview, www.today.com. May 6, 2009.

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• I don't care if New York avoided bankruptcy by substituting tourism for the garment business.

  Fran Lebowitz

  New York, Tourism, Care

  "The Voice: Fran Lebowitz". Interview With Francesco Clemente, www.interviewmagazine.com. March 11, 2016.

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• The thing that's really important to understand is, the last thing an empire traditionally does is drive itself into bankruptcy. You've seen that with the great empires.

  Juan Enriquez

  Important, Doe, Empires

  Source: bigthink.com

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• Credit default swap gives you something to do. You can buy some credit default swaps from them to protect yourself against the bankruptcy of people who owe you money.

  Robert F. Engle

  People, Giving, Credit

  Source: bigthink.com

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• In my very first term there was an issue that brought us [George Mitchell, Ted Kennedy, Chris Dodd] together in a very deep, emotional, and personal level.It was called 'spousal impoverishment' and it meant that for one person [to go into] a nursing home, the family [ ], could go near bankruptcy, and then they'd end up with a lien on the family farm or the home. And so I wanted to change that.

  Barbara Mikulski

  Home, Nursing, Emotional

  Source: digitalcommons.bowdoin.edu

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• The people who are filing for bankruptcy in increasing numbers every year, it's not the poorest. It's not the people at the economic fringes. It's people who worked hard and played by the rules.

  Elizabeth Warren

  Money, Numbers, Years

  "The Professor". Interview with Jeffrey Toobin, www.newyorker.com. September 17, 2012.

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• Remember that in most cases, student loan debt is not dischargeable in bankruptcy. So you continue to pay it off anyway. Those who have very low interest rates (2-2.5 percent) on student loans and know everything is secure, great.

  Suze Orman

  Debt, Pay, Students

  "Debt vs. debt: Which loans do I pay off first?". "Today" Interview, www.today.com. May 6, 2009.

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