Borrowers Quotes - Page 2

• Debt is a mistake between lender and borrower, and both should suffer.

  Nassim Nicholas Taleb

  Mistake, Suffering, Debt

  "We still have the same disease". Interview with Margaret Wente, www.theglobeandmail.com. September 13, 2009.

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• Once again, the 90/10 rule of money applies - 10% of the borrowers in the world use debt to get richer - 90% use debt to get poorer.

  Robert Kiyosaki

  Use, Debt, World

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• We are renters and borrowers and, in the end, only thieves.

  Bennett Madison

  Thieves, Ends

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• What the mortgage bubble was all about was big banks like Goldman Sachs taking big bundles of subprime mortgages that were lent out largely to low-income, highly risky borrowers, and applying this kind of magic-pixie-dust math to these bundles of securities and slapping AAA ratings on them.

  Matt Taibbi

  Math, Dust, Magic

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• I'm no innovator. If anything I'm a stealer, or borrower. I've stolen or borrowed from more people than you can shake a stick at.

  Bear Bryant

  Leadership, Basketball, Wrestling

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• Take the whole range of imaginative literature, and we are all wholesale borrowers. In every matter that relates to invention, to use, or beauty or form, we are borrowers.

  Wendell Phillips

  Beauty, Writing, Matter

  Wendell Phillips (1969). “Speeches, Lectures, and Letters, Second Series”, Ayer Company Pub

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• The real problem is deflation. That is the opposite of inflation but equally serious to the borrower.

  Jack Kemp

  Real, Opposites, Serious

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• Then came the second Amsterdam discovery, although the principle was known elsewhere. Bank deposits...did not need to be left idly in the bank. They could be lent. The bank then got interest. The borrower then had a deposit that he could spend. But the original deposit still stood to the credit of the original depositor. That too could be spent. Money, spendable money, had been created. Let no one rub his or her eyes. It's still being done-every day. The creation of money by a bank is as simple as this, so simple, I've often said, that the mind is slightly repelled.

  John Kenneth Galbraith

  Eye, Simple, Discovery

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• Borrowers will default. Markets will collapse. Gold (the ultimate form of safe money) will skyrocket.

  Mike Belkin

  Gold, Safe, Form

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• Every man is a borrower and a mimic, life is theatrical and literature a quotation.

  Ralph Waldo Emerson

  Life, Men, Literature

  Ralph Waldo Emerson (1971). “The Collected Works of Ralph Waldo Emerson: Society and solitude”, p.148, Harvard University Press

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• Grameen Bank was formed as an institution owned by its borrower members, who are poor women. Through its unique decision-making process, Grameen Bank has given millions of women the means to emerge from the shadows in a male-dominated society and to make something of themselves.

  Muhammad Yunus

  Mean, Unique, Decision

  "Muhammad Yunus and Bangladesh government battle over Grameen Bank" by Syed Zain Al-Mahmood, www.theguardian.com. November 21, 2012.

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• Human beans are for Borrowers—like bread’s for butter!

  Mary Norton

  Bread, Beans, Humans

  Mary Norton (2016). “Borrowers Collection”, p.84, Houghton Mifflin Harcourt

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• Debt is always repaid, either by the borrower or by the lender.

  James Grant

  Investing, Debt, Lenders

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• Life is unnecessarily long. Moments of insight, of fine personal relation, a smile, a glance,--what ample borrowers of eternity they are!

  Ralph Waldo Emerson

  Long, Life Is, Moments

  Ralph Waldo Emerson (2004). “A Dream Too Wild: Emerson Meditations for Every Day of the Year”, Unitarian Universalist Association of Congregations

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• Sure, we loaned money to build hotels and casinos in Las Vegas. So what? Las Vegas borrowers were good customers.

  Jimmy Hoffa

  Vegas, Casinos, Hotel

  "Hoffa The Real Story" by Jimmy Hoffa, (p. 119), 1975.

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• The high-ceilinged rooms, the little balconies, alcoves, nooks and angles all suggest sanctuary, escape, creature comfort. The reader, the scholar, the browser, the borrower is king.

  David McCord

  Kings, Comfort, Sanctuary

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• The average credit score of today's FHA borrowers is higher than the average American household with a score. As it becomes more costly and difficult to get a FHA loan, loans from private mortgage lenders will become more attractive and their market share will grow.

  Mark Zandi

  Average, Credit, Today

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• Quantitatve easing is NOT going away. Every major country is running a deficit. If they are all net borrowers then who is the lender? The central banks. For this reason – QE is not going away for a long time.

  Jeffrey Gundlach

  Running, Country, Long

  "GUNDLACH: Anyone Who Says Interest Rates Will Rise Soon Is 'Absolutely Wrong'" by Lance Roberts, www.businessinsider.com. May 3, 2013.

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• Beware leverage in all its forms. Borrowers - individual, corporate, or government - should always match fund their liabilities against the duration of their assets. Borrowers must always remember that capital markets can be extremely fickle, and that it is never safe to assume a maturing loan can be rolled over. Even if you are unleveraged, the leverage employed by others can drive dramatic price and valuation swings; sudden unavailability of leverage in the economy may trigger an economic downturn.

  Seth Klarman

  Government, Swings, Fickle

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• The borrowers of America and all the world turn to New York....It is to the quotations on the New York Stock Exchange that men of affairs from Penobscot to Honolulu turn each morning to find how beats the pulse of prosperity and enterprise.

  Charles A. Beard

  Morning, New York, Men

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• Borrowed thoughts, like borrowed money, only show the poverty of the borrower.

  Marguerite Gardiner, Countess of Blessington

  Inspirational, Acceptance, Poverty

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• As the run-by-capital society of producers turned since into the run-by-capital society of consumers, I would say that the main, indeed "meta", function of the governments has become now to assure that it is the meetings between commodities and the consumers, and credit issuers and the borrowers, that regularly take place.

  Zygmunt Bauman

  Running, Government, Credit

  Source: www.theoryculturesociety.org

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• The borrower runs in his own debt.

  Ralph Waldo Emerson

  Running, Debt, Borrowing

  Ralph Waldo Emerson (1983). “Essays and Lectures”, p.295, Library of America

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• The Treasury plan is a disgrace: a bailout of reckless bankers, lenders and investors that provides little direct debt relief to borrowers and financially stressed households and that will come at a very high cost to the US taxpayer. And the plan does nothing to resolve the severe stress in money markets and interbank markets that are now close to a systemic meltdown.

  Nouriel Roubini

  Stress, Littles, Bankers

  "Not so much bail-out as rip-off". www.theguardian.com. September 29, 2008.

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• Many politicians and pundits claim that the credit crunch and high mortgage foreclosure rate is an example of market failure and want government to step in to bail out creditors and borrowers at the expense of taxpayers who prudently managed their affairs. These financial problems are not market failures but government failure. ... The credit crunch and foreclosure problems are failures of government policy.

  Walter E. Williams

  Government, Credit, Debt

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