Loans Quotes

Quotes tagged as "loans" (showing 1-18 of 18)
Thomas Jefferson
“I sincerely believe that banking establishments are more dangerous than standing armies, and that the principle of spending money to be paid by posterity, under the name of funding, is but swindling futurity on a large scale.”
Thomas Jefferson

“African leaders should not turn the continent into a giant collector of donations and loans from wealthy nations—they must find other plausible means to help established their economic security so as to minimize poverty. This incoherent blunder on the mainland must be scrutinized.”
Duop Chak Wuol

Patrick Rothfuss
“As my father used to say: "There are two sure ways to lose a friend, one is to borrow, the other to lend.”
Patrick Rothfuss, The Name of the Wind

“It is a rule . . . in all the world that interest is to be paid on borrowed money. May I say something about interest? Interest never sleeps nor sickens nor dies; it never goes to the hospital; it works on Sundays and holidays; it never takes a vacation; it never visits nor travels . . . it has no love, no sympathy; it is as hard and soulless as a granite cliff. Once in debt, interest is your companion every minute of the day and night; you cannot shun it or slip away from it; you cannot dismiss it; it yields neither to entreaties, demands nor orders; and whenever you get in its way or cross its course or fail to meet its demands, it crushes you.”
J. Reuben Clark Jr.

“The bankers and financiers are badly overplaying their hands, again, and people are starting to catch on to the scam.

Real wealth is tangible things produced with tangible effort. Loans made out of thin-air 'money' require no effort and are entirely ephemeral.

But if those loans are used to acquire real ownership of real assets, then something has been exchanged for nothing and one party is getting screwed.”
Chris Martenson

“There is a defined gulf
Between credit and character
If you doubt this, ask any banker;
He will advise that character is nice
But it is not collateral.”
Evan Rhys, Poems from the Ledge

Lord Dunsany
“Now there was great rejoicing at the rumor of Alderic's quest, for all folk knew that he was a cautious man, and they deemed that he would succeed and enrich the world, and they rubbed their hands in the cities at the thought of largesse; and there was joy among all men in Alderic's country, except perchance among the lenders of money, who feared they would soon be paid. And there was rejoicing also because men hoped that when the Gibbelins were robbed of their hoard, they would shatter their high-built bridge and break the golden chains that bound them to the world, and drift back, they and their tower, to the moon, from which they had come and to which they rightly belonged. There was little love for the Gibbelins, though all men envied their hoard.

("The Hoard Of The Gibbelins")”
Lord Dunsany, Monster Mix

“Savers have to be punished so debtors can be saved.

Why? Because if debtors are rescued, that makes it possible for more debts to be issued in the future.

And why is that important? Because the banking system needs ever more loans in order to survive.”
Chris Martenson

Novala Takemoto
“Restraining, saving, assuring your checkbook balance...what does all taht amount to? If I go broke one day I'll just take out loans”
Novala Takemoto, Missin' (Novel)

“Stop being chained down by bad credit I have the key to set you free...”
Tyler Gregory

Robin Talley
“I don't want to spend the rest of my life paying off loans when I don't even like school to begin with.”
Robin Talley, Our Own Private Universe

Kevin Brockmeier
“[I]f he had to guess, he would say that the reason he doesn't want to loan the book out, to Ethan or anyone else, is because of the part of his personality that is one gigantic record-keeping system, a complex sifting and filing scheme that dictates what goes here and what goes there, turning his life into so many marks on a tablet. His mind would busy itself with the book's whereabouts every second it was away. He knows it would.”
Kevin Brockmeier, A Few Seconds of Radiant Filmstrip: A Memoir of Seventh Grade

“Liberty is the act of making the Government Fear
what you KNOW!”
Faith Brashear

Michael   Lewis
“When Steve Eisman stumbled into this new, rapidly growing industry of specialty finance, the mortgage bond was about to be put to a new use: making loans that did not qualify for government guarantees. The purpose was to extend credit to less and less creditworthy homeowners, not so that they might buy a house but so that they could cash out whatever equity they had in the house they already owned.”
Michael Lewis, The Big Short: Inside the Doomsday Machine

Tagene Brown-McBean
“Never assume that all is well when it comes to your savings or loans. Get a printout to ensure you know exactly what is happening.”
Tagene Brown-McBean, Money Moves That Matter: Simple Steps to Become Debt-Free

“There are 350 varieties of shark, not counting loan and pool.”
L.M. Boyd
tags: loans

Mokokoma Mokhonoana
“If the food that one ate the night before were somehow able to be seen and identified through one’s clothes throughout the day, millions of employees would each fast ten or so days before their payday.”
Mokokoma Mokhonoana

Ta-Nehisi Coates
“The American real-estate industry believed segregation to be a moral principle. As late as 1950, the National Association of Real Estate Boards' code of ethics warned that "a Realtor should never be instrumental in introducing into a neighborhood ... any race or nationality, or any individuals whose presence will clearly be detrimental to property values." A 1943 brochure specified that such potential undesireables might include madams, bootleggers, gangsters - and "a colored man of means who was giving his children a college education and thought they were entitled to live among whites."

The federal government concurred. It was the How Owners' Loan Corporation, not a private trade association, that pioneered the practice of redlining, selectively granting loans and insisting that any property it insured be covered by a restrictive covenant - a clause in the deed forbidding the sale of the property to anyone other than whites. Millions of dollars flowed from tax coffers into segregated white neighborhoods.

"For perhaps the first time, the federal government embraced the discriminatory attitudes of the marketplace," the historian Kenneth R. Jackson wrote in his 1985 book, Crabgrass Frontier, a history of suburbanization. "Previously, prejudices were personalized and individualized; FHA exhorted segregation and enshrined it as public policy. Whole areas of cities were declared ineligible for loan guarantees." Redlining was not officially outlawed until 1968, by the Fair Housing Act. By then the damage was done - and reports of redlining by banks have continued.”
Ta-Nehisi Coates, The Case for Reparations

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