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Creditors Quotes

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Creditors Quotes

“Spirits are not finely touched But to fine issues, nor Nature never lends The smallest scruple of her excellence But like a thrifty goddess she determines Herself the glory of a creditor,Both thanks and use.”

“The creditors are proving impossible to deal with and short of a sudden appearance on the scene of wealthy art patrons, we are going to be turned out of this dear little house where I led a simple life and was able to work so well. I do not know what will become of us.”

“There are many who say more than the truth on some occasions, and balance the account with their consciences by saying less than the truth on others. But the fact is that they are in both instances as fraudulant as he would be that exacted more than his due from his debtors, and paid less than their due to his creditors.”

“The poor man who takes property by force is called a thief, but the creditor who can by legislation make a debtor pay a dollar twice as large as he borrowed is lauded as the friend of a sound currency. The man who wants the people to destroy the Government is an anarchist, but the man who wants the Government to destroy the people is a patriot.”

“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.”

“When America's creditors consider our behavior they see total fiscal irresponsibility. They see a deluded country that acts as if it is a privilege for foreigners to lend to it, and a deluded country that believes that foreigners will continue to accumulate US debt until the end of time. The fact of the matter is that the US is bankrupt.”

“[I believe in] the throne...parliamentary institutions...private enterprise and individual opinion against the socialization of the state...equity in the distribution of public burdens and strict maintenance of public faith with the creditors of the state [and] a fresh guarantee of peace by an alliance with France and...Belgium for the defence of our common interests against unprovoked attack.”

“No man of honor, as the word is usually understood, did ever pretend that his honor obliged him to be chaste or temperate, to pay his creditors, to be useful to his country, to do good to mankind, to endeavor to be wise or learned, to regard his word, his promise, or his oath.”

“Familiarity with any great thing removes our awe of it. The great general is only terrible to the enemy; the great poet is frequently scolded by his wife; the children of the great statesman clamber about his knees with perfect trust and impunity; the great actor who is called before the curtain by admiring audiences is often waylaid at the stage door by his creditors.”

“First in point of time and interest comes the mortgage debt, i.e. the claim for the return of money lent on the security of some tangible object. Such claims are among the earliest fruits of a commercial civilization, and are nearly always affected the same way, viz. by the deposit or pledge of the security with the creditor, to be redeemed or returned on the payment of the debt.”

“None has more frequent conversations with a disagreeable self than the man of pleasure; his enthusiasms are but few and transient; his appetites, like angry creditors, are continually making fruitless demands for what he is unable to pay; and the greater his former pleasures, the more strong his regret, the more impatient his expectations. A life of pleasure is, therefore, the most unpleasing life.”

“The lower interest rates fueled housing and consumption booms in countries such as Spain and Ireland. At the same time, Germany, struggling with the burdens of reunification, tightened its belt and became more competitive. All this led to a wide divergence in economic performance. Europe became divided into creditor and debtor countries.”

“We [US government] have used our taxpayer dollars not only to subsidize these banks but also to subsidize the creditors of those banks and the equity holders in those banks. We could have talked about forcing those investors to take some serious hits on their risky dealings. The idea that taxpayer dollars go in first rather than last - after the equity has been used up - is shocking.”

“A sleep without dreams, after a rough day of toil, is what we covet most; and yet How clay shrinks back from more quiescent clay! The very Suicide that pays his debt at once without installments (an old way of paying debts, which creditors regret) Lets out impatiently his rushing breath, less from disgust of life than dread of death.”

“We are in danger of being overwhelmed with irredeemable paper, mere paper, representing not gold nor silver; no sir, representing nothing but broken promises, bad faith, bankrupt corporations, cheated creditors and a ruined people.”

“The primary factor that enables our government to peddle economic snake oil is the dollar's unique role as the world's reserve currency, and our creditors' willingness to preserve its status. By buying up dollars and loaning them back to us through Treasury debt, productive countries give American politicians cart blanche to play Santa Claus.”

“The bank's product is debt, because the banks want to make sure that they can get paid for the debt. But ultimately the only party that can pay the debt is the government, because it runs the printing presses. So the debts ultimately either are paid by the government, or they're paid by a huge transfer of property from debtors to creditors - or, the debts are written off.”

“Debt settlement companies work as a middleman between you and your creditor. If all goes well (and that's a big if), you should be able to settle your debts for cents on the dollar. You'll also pay a fee to the debt settlement company, usually either a percentage of the total debt you have or a percentage of the total amount forgiven.”