Lenders Quotes

• When does money run out of time? The countdown begins when investable assets pose too much risk for too little return; when lenders desert credit markets for other alternatives such as cash or real assets.

  Bill Gross

  Running, Real, Risk

  "Credit Supernova!" by Bill Gross, www.pimco.com. February 2013.

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• 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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• Unfortunately, throughout the housing crisis we've seen innocent homeowners who have been victims of shady mortgage lenders and unscrupulous individuals who have used a down market to line their own pockets at the expense of others. This bill is designed to send a message by revising our laws to ensure criminals are brought to justice and that law enforcement has the tools to uncover these fraudulent schemes and go after the bad actors. Criminals should be put on notice that ripping off homeowners and taxpayers won't be tolerated.

  Chuck Grassley

  Law, Justice, Enforcement

  "Congress Targets Mortgage Fraud: Justice for Victims, Jail for the Guilty". Tri-State Defender, February 12, 2009.

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• Neither a borrower nor a lender be.

  William Shakespeare

  Inspiration, Philosophical, Borrowers

  'Hamlet' (1601) act 1, sc. 3, l. 58

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• Banks and other providers of credit to households have been competing vigorously to expand or protect their market share. In the process, lending standards have been progressively eroded so that lenders are now engaging in practices that would have been regarded as out of the question five or ten years ago.

  Ian Macfarlane

  Years, Practice, Competition

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• The borrower is a slave to the lender and the debtor to the creditor.

  Benjamin Franklin

  Business, Debtors, Slave

  Benjamin Franklin, Ormond Seavey (1998). “Autobiography and Other Writings”, p.272, Oxford University Press, USA

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• Improvements in lending practices driven by information technology have enabled lenders to reach out to households with previously unrecognized borrowing capacities.

  Alan Greenspan

  Technology, Practice, Information

  "Remarks by Chairman Alan Greenspan". www.federalreserve.gov. October 19, 2004.

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• When money is free, the rational lender will keep on lending until there is no one else to lend to.

  George Soros

  Investing, Lending, Rational

  George Soros (2008). “The New Paradigm for Financial Markets: The Credit Crisis of 2008 and What It Means”, p.15, PublicAffairs

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• The Rothschilds, and that class of money-lenders of whom they are the representatives and agents - men who never think of lending a shilling to their next-door neighbors, for purposes of honest industry, unless upon the most ample security, and at the highest rate of interest - stand ready, at all times, to lend money in unlimited amounts to those robbers and murderers, who call themselves governments, to be expended in shooting down those who do not submit quietly to being robbed and enslaved.

  Lysander Spooner

  Men, Thinking, Doors

  Lysander Spooner (2013). “No Treason”, p.50, Read Books Ltd

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• Private fortunes, in the present state of our circulation, are at the mercy of those self-created money lenders, and are prostrated by the floods of nominal money with which their avarice deluges us.

  Thomas Jefferson

  Self, Mercy, States

  Thomas Jefferson (1829). “Memoirs, Correspondence, and Private Papers of Thomas Jefferson: Late President of the United States”, p.205

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• The dominant propaganda systems have appropriated the term "globalization" to refer to the specific version of international economic integration that they favor, which privileges the rights of investors and lenders, those of people being incidental. In accord with this usage, those who favor a different form of international integration, which privileges the rights of human beings, become "anti-globalist."

  Noam Chomsky

  Rights, People, Favors

  Interview with Sniježana Matejčić, June 2005.

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• It is not the responsibility of the Federal Bank - nor would it be appropriate - to protect lenders and investors from the consequences of their decisions

  Ben Bernanke

  Responsibility, Decision, Economics

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• Certainly I shall use the police, and most ruthlessly, whenever the German people are hurt. But I refuse the notion that the police are protective troops for Jewish stores. No, the police protect whoever comes into Germany legitimately, but it does not exist for the purpose of protecting Jewish money-lenders.

  Hermann Goring

  Hurt, People, History

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• What was to be a relatively innocuous federal government, operating from a defined enumeration of specific grants of power, has become an ever-present and unaccountable force. It is the nation’s largest creditor, debtor, lender, employer, consumer, contractor, grantor, property owner, tenant, insurer, health-care provider, and pension guarantor. Moreover, with aggrandized police powers, what it does not control directly it bans or mandates by regulation.

  Mark Levin

  Government, Police, Debtors

  "The Liberty Amendments: Restoring the American Republic". Book by Mark Levin, August 13, 2013.

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• The secret of high finance...if you really need a loan, you won't qualify. And if you don't need a loan, all the lenders will line up to give you money.

  Joanne Fluke

  Giving, Secret, Needs

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• Great spenders are bad lenders.

  Benjamin Franklin

  Money, Generosity

  Benjamin Franklin (2008). “The Way to Wealth and Poor Richard's Almanac”, p.20, Nayika Publishing

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• It is assumed that when anyone gets into debt, the fault is entirely and always the fault of the lender.

  Bernard Levin

  Debt, Faults

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• My life is on loan, like money borrowed from a bank. God is the lender, and He retains the right to call in the loan any time. Though I am responsible for taking care of it, I do not own this life; it is borrowed. Why should I fear its loss or the loss of anything else in this world when I must surrender it all anyway?

  James Dillehay

  Loss, World, Care

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• If two parties, instead of being a bank and an individual, were an individual and an individual, they could not inflate the circulating medium by a loan transaction, for the simple reason that the lender could not lend what he didn't have, as banks can do. Only commercial banks and trust companies can lend money that they manufacture by lending it.

  Irving Fisher

  Party, Simple, Commercial Banks

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

  James Grant

  Investing, Debt, Borrowers

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• We rarely use much debt and, when we do, we attempt to structure it on a long-term fixed rate basis. We will reject interesting opportunities rather than over-leverage our balance sheet. This conservatism has penalized our results but it is the only behavior that leaves us comfortable, considering our fiduciary obligations to policyholders, depositors, lenders and the many equity holders who have committed unusually large portions of their net worth to our care.

  Warren Buffett

  Opportunity, Interesting, Long

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• Boundless in your charity, but shrewd and cautious as a lender, you delight all those today whom you made beggars the day before.

  Franz Grillparzer

  Money, Business, Delight

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• Some people think the Federal Reserve Banks are US government institutions. They are not... they are private credit monopolies which prey upon the people of the US for the benefit of themselves and their foreign and domestic swindlers, and rich and predatory money lenders. The sack of the United States by the Fed is the greatest crime in history. Every effort has been made by the Fed to conceal its powers, but the truth is the Fed has usurped the government. It controls everything here and it controls all our foreign relations. It makes and breaks governments at will.

  Louis Thomas McFadden

  Money, Thinking, Government

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• First of all, these lenders are not babies. These are total killers. These are not the nice, sweet little people you think. You're living in a world of make-believe.

  Donald Trump

  Baby, Sweet, Nice

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• The president's attempted diktat takes money from bondholders and gives it a labor union that delivers money and votes for him.... Shaking down lenders for the benefit of political donors is recycled corruption and the abuse of power.

  Cliff Asness

  Giving, Political, Abuse

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