Quotes & Sayings About Money Loans

We always stand to gain, whether it be an influential politician to further our interests - which is the most frequent and almost easiest case to fabricate - or a great businessman, most of whose money we administer through our own networks. It is therefore our interest to create as many such 'vicious circles' as possible. And it is on this foundation that we have built modern society and the so-called 'cell of society,' that is, the family which we have chained to an infinite set of dependences: jobs, houses, comfort, cars, bank loans, and long-term contractual obligations that sometimes extend over one or two generations of the respective family. The role of a 'vicious circle' is to make people dependent because, when this happens, they are no longer free. — Radu Cinamar

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

Faith is like a pickpocket who loans a person his own money on generous terms. — Sam Harris

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

We simply can't keep providing money from the federal government in the form of subsidized or actual loans and Pell Grants when we don't have the money. — John Kline

Fiat-money! Let the State 'create' money, and make the poor rich, and free them from the bonds of the capitalists! How foolish to forego the opportunity of making everybody rich, and consequently happy, that the State's right to create money gives it! How wrong to forego it simply because this would run counter to the interests of the rich! How wicked of the economists to assert that it is not within the power of the State to create wealth by means of the printing press!- You statesmen want to build railways, and complain of the low state of the exchequer? Well, then, do not beg loans from the capitalists and anxiously calculate whether your railways will bring in enough to enable you to pay interest and amortization on your debt. Create money, and help yourselves. — Ludwig Von Mises

This was my world: a world of truly irrational behavior. We spend our way into the poorhouse. We buy giant TVs and iPads. Our children wear nice clothes thanks to high-interest credit cards and payday loans. We purchase homes we don't need, refinance them for more spending money, and declare bankruptcy, often leaving them full of garbage in our wake. Thrift is inimical to our being. We spend to pretend that we're upper class. And when the dust clears - when bankruptcy hits or a family member bails us out of our stupidity - there's nothing left over. Nothing for the kids' college tuition, no investment to grow our wealth, no rainy-day fund if someone loses her job. We know we shouldn't spend like this. Sometimes we beat ourselves up over it, but we do it anyway. — J.D. Vance

Borrow money only for an education that will yield enough of a return in the job market to allow you to pay your loans back. — Kevin Carey

I learned how to lend money by cleaning up the messes of others who had made loans before me. — John Stumpf

Indeed, one view of the European debt crisis - the Greek street view - is that it is an elaborate attempt by the German government on behalf of its banks to get their money back without calling attention to what they are up to. The German government gives money to the European Union rescue fund so that it can give money to the Irish government so that the Irish government can give money to Irish banks, so the Irish banks can repay their loans to the German banks. "They are playing billiards," says Enderlein. "The easier way to do it would be to give German money to the German banks and let the Irish banks fail. — Michael Lewis

When banks extend loans to their customers, they create money by crediting their customers' accounts. — Mervyn King

We discussed this dire problem with education and illusions of academic contribution, with Ivy League universities becoming in the eyes of the new Asian and U.S. upper class a status luxury good. Harvard is like a Vuitton bag or a Cartier watch. It is a huge drag on the middle-class parents who have been plowing an increased share of their savings into these institutions, transferring their money to administrators, real estate developers, professors, and other agents. In the United States, we have a buildup of student loans that automatically transfer to these rent extractors. In a way it is no different from racketeering: one needs a decent university "name" to get ahead in life; but we know that collectively society doesn't appear to advance with organized education. — Nassim Nicholas Taleb

If bankers can push the loans and make more profits for the bank, they get paid higher bonuses. They often also get stock options. If the bank goes under, they get to keep all of these salaries and options - and the government will bail out the bank. These guys will take their money and run, which is pretty much what they're doing now. — Michael Hudson

Absolutely invest in retirement. You can always get a loan to get kids through school. I do not know of any loans to get you through retirement. The markets are seriously low from where they were (even though they've gone up 30 percent recently). Now is the time to be dollar cost averaging; the more money you put in, the more shares you buy. Save for your retirement, people. — Suze Orman

Here's how it works: If you answer yes to ten or more questions, then you should read this book. If you don't, then buy it anyway and give it to the coolest person you know. This author needs money to eat her feelings. Does your college degree hang over your head like a rain cloud made of student loans, false hopes, — Alida Nugent

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

Sometimes it's not about making a ton of money in one night, just to spend the rest of your life waiting on the next payday. You will fare better investing time, planning, strategic thinking in order to secure a stable, fruitful future. — Carlos Wallace

Nobody wants to read about the honest lawyer down the street who does real estate loans and wills. If you want to sell books, you have to write about the interesting lawyers - the guys who steal all the money and take off. That's the fun stuff. — John Grisham

Sistrunk looked angrily at Lettie and said, "I'm allowed to be paid for my time and expenses, plus there is the matter of the loans. When can I expect the money?" "In due course," Jake said. "I want it now." "Well, you're not getting it now." "Then I'll sue." "Fine. I'll defend." "And I'll preside," Judge Atlee said. "I'll give you a trial date in about four years. — John Grisham

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

And I think the more money you put in people's hands, the more they will spend. And if they don't spend it, they invest it. And investing it is another way of creating jobs. It puts money into mutual funds or other kinds of banks that can go out and make loans, and we need to do that. — Michael Bloomberg

Since loans are getting more expensive and there's less money available, we're seeing a commensurate decline in growth. Higher costs and lower growth, in turn, translate into lower profits. Figuratively speaking, in the future, we won't be able to run as far or jump as high as we used to. — Paul Achleitner

The sudden introduction of these magic mortgage bonds into the marketplace pushed most every major institutional investor in the world to suddenly become consumed with the desire to lend money to American home borrowers, even if they didn't know to whom exactly they were lending or how exactly these borrowers were qualifying for their home loans. As a result of this lunatic process, houses in middle- and lower-income neighborhoods from Fresno to the Jersey Shore became jammed full of new home borrowers, millions and millions of them, who in many cases were not equal to the task of making their monthly payments. The situation was tenable so long as housing prices kept rising and these teeming new populations of home borrowers could keep their heads above water, selling or refinancing their way out of trouble if need be. But the instant the arrow began tilting downward, this rapidly expanding death-balloon of phony real estate value inevitably had to - and did - explode. — Matt Taibbi

I'd thought about this for a long time. "That bank loses that much money in bad loans every
month. They make that much money in interest every day. They're a big bank. The money I
took was small change to them. No depositor was hurt."
She shook her head. "I still can't approve of it. I don't think it's right."
I felt my face go remote, still. I crossed my arms and felt cold.
She spread her hands. "It doesn't change the fact that I still love you. I've missed you terribly.
I've missed your phone calls, and I've missed your body in bed next to me. I don't know what
to do about this. My loving you goes way beyond my disapproval of your theft."
I uncrossed my arms and reached across the table for her. She leaned forward and we kissed
until the candle burned a hole in my shirt. Then we laughed and I held an ice cube to the
burn and the food came and everything was all right. — Steven Gould

If I'm a bank, and I'm making risky loans, I have an incentive, if I can, to make those loans using other people's money: in other words, to make highly leveraged loans. — Eric Maskin

EHMs provide favors. These take the form of loans to develop infrastructure - electric generating plants, highways, ports, airports, or industrial parks. A condition of such loans is that engineering and construction companies from our own country must build all these projects. In essence, most of the money never leaves the United States; it is simply transferred from banking offices in Washington to engineering offices in New York, Houston, or San Francisco. Despite the fact that the money is returned almost immediately to corporations that are members of the corporatocracy (the creditor), the recipient country is required to pay it all back, principal plus interest. — John Perkins

Is anyone in the U.S. innocent? Although those at the very pinnacle of the economic pyramid gain the most, millions of us depend - either directly or indirectly - on the exploitation of the LDCs for our livelihoods. The resources and cheap labor that feed nearly all our businesses come from places like Indonesia, and very little ever makes its way back. The loans of foreign aid ensure that today's children and their grandchildren will be held hostage. They will have to allow our corporations to ravage their natural resources and will have to forego education, health, and other social services merely to pay us back. The fact that our own companies already received most of this money to build the power plants, airports, and industrial parks does not factor into this formula. Does the excuse that most Americans are unaware of this constitute innocence? Uninformed and intentionally misinformed, yes - but innocent? — John Perkins

The people who are taking these loans because it's the only way they can afford their house are exposing themselves to a lot of risk. They're not saving money and they're not building equity, which means they could find themselves in a scenario where they owe more money than their house is worth. — Ric Edelman

The International Monetary Fund basically acted as the world's debt enforcers - "You might say, the high-finance equivalent of the guys who come to break your legs." I launched into historical background, explaining how, during the '70s oil crisis, OPEC countries ended up pouring so much of their newfound riches into Western banks that the banks couldn't figure out where to invest the money; how Citibank and Chase therefore began sending agents around the world trying to convince Third World dictators and politicians to take out loans (at the time, this was called "go-go banking"); how they started out at extremely low rates of interest that almost immediately skyrocketed to 20 percent or so due to tight U.S. money policies in the early '80s; how, during the '80s and '90s, this led to the Third World debt crisis; how the IMF then stepped in to insist that, in order to obtain refinancing, poor countries would be obliged to abandon price supports on — David Graeber

There's more student debt than credit card debt! Everywhere I go, I run into young people trying to build careers while they keep shelling out money on their education loans. If the economy is looking for a new generation of home-buyers, I can't imagine they'll get it from these folks. — Gail Collins

Commercial banks are very good for certain businesses, like loans and guarding other people's money. They're not great investors or entrepreneurs. — John Gutfreund

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

If you have loans, the first thing you want to do is say, Okay, look I have a credit card, if I really need to borrow, I have this emergency money that I can get, but for now there is no reason for me to keep cash at zero percent interest rate and at the same time, pay all of this money out. So, I think people need to figure out quickly how to pay loans and how much cash they should really keep. — Dan Ariely

Imagine you have six loans, small to huge. People want to close loans and because of that, they try to pay off the small loans, but that's not the right strategy. The right strategy, of course, is to pay the loan with the highest interest rate. People make this mistake and it costs them lots and lots of money, it's a very expensive mistake because interest rates accumulate and become very, very expensive very quickly. — Dan Ariely

When you're a conservative Republican, you never think people are making money by ripping other people off," he said. His mind was now fully open to the possibility. "I now realized there was an entire industry, called consumer finance, that basically existed to rip people off. — Michael Lewis

In the real world, banks hang onto their money for fear of making bad loans, no matter how many bailouts or stimulus packages Washington passes. — Dick Morris

Banks were once places to hold money and were very careful in lending to finance families as they built a future - bought homes, bought cars, took out student loans. — Elizabeth Warren

This dope money here is Lil Treys scholarship
Cause aint no to tuition for havin no ambition
And aint no loans for sittin your ass at home — Kanye West

At the heart of banking is a suicidal strategy. Banks take money from the public or each other on call, skim it for their own reward and then lock the rest up in volatile, insecure and illiquid loans that at times they cannot redeem without public aid. — James Buchan

If an EHM is completely successful, the loans are so large that the debtor is forced to default on its payments after a few years. When this happens, then like the Mafia we demand our pound of flesh. This often includes one or more of the following: control over United Nations votes, the installation of military bases, or access to precious resources such as oil or the Panama Canal. Of course, the debtor still owes us the money - and another country is added to our global empire. — John Perkins

that the countries that attack America for being too money-oriented are always the first to beg us for loans." It was the subject on which she and — Sidney Sheldon

Since 1949, the United States has passed to Israel more than $100 billion in grants and $10 billion in special loans.36 Other bodies not part of the administration annually transfer to Israel $1 billion. This is larger than the amount of money transferred by the United States to North Africa, South America, and the Caribbean put together. — Noam Chomsky

Cockroaches are survivors. Turn on the lights and you will see a scattering of casino hosts in three thousand dollar bespoken suits, corporate fruit flies in empty suits, lawyer-class slime on their way to the courthouse to go shopping for other people's money, bankers shilling bad loans by bundling them together with good ones and sending them down the financial pipeline knowing that they stand protected by the political scum from every level of government who have risen to breathtaking heights of mediocrity, tossing a couple of bucks from the public till to the obedient myrmidons in exchange for their votes. While decaying empire crumble, cockroaches multiply among the ruins. - Bonjour Amigos — David Gustafson

Exploitation thrives when it comes to the essentials, like housing and food. Most of the 12 million Americans who take out high-interest payday loans do so not to buy luxury items or cover unexpected expenses but to pay the rent or gas bill, buy food, or meet other regular expenses. Payday loans are but one of many financial techniques - from overdraft fees to student loans for for-profit colleges - specifically designed to pull money from the pockets of the poor.46 If the poor pay more for their housing, food, durable goods, and credit, and if they get smaller returns on their educations and mortgages (if they get returns at all), then their incomes are even smaller than they appear. This is fundamentally unfair. — Matthew Desmond

A government always finds itself obliged to resort to inflationary measures when it cannot negotiate loans and dare not levy taxes, because it has reason to fear that it will forfeit approval of the policy it is following if it reveals too soon the financial and general economic consequences of that policy. Thus inflation becomes the most important psychological resource of any economic policy whose consequences have to be concealed; and so in this sense it can be called an instrument of unpopular, i.e. of anti-democratic, policy, since by misleading public opinion it makes possible the continued existence of a system of government that would have no hope of the consent of the people if the circumstances were clearly laid before them. That is the political function of inflation. It explains why inflation has always been an important resource of policies of war and revolution and why we also find it in the service of socialism. — Ludwig Von Mises

Earning money from, and supporting, a system that keeps these people in poverty in the first place and then gives them some of the profits in the form of "strings-attached" aid or World Bank and IMF loans is no more ridiculous than Shell or Esso giving Greenpeace or Friends of the Earth £10,000 to help clear up the destruction that they inevitably cause. Would it not be better not to cause the destruction in the first place? — Mark Boyle

I would get my student loans, get money, register and never really go. It was a system I thought would somehow pan out. — Ray Romano

The best way to look at any business is from the standpoint of the clients. So there are these certain basic things that aren't going to change. Companies are going to have needs for equity, debt, advice, FX, and derivatives. Individuals are going to have needs for auto loans, mortgages, something that looks like a deposit account, and the ability to send money to people. Those things aren't going to change. — Jamie Dimon

If all the bank loans were paid, no one could have a bank deposit, and there would not be a dollar of coin or currency in circulation. This is a staggering thought. We are completely dependent on the commercial banks. Someone has to borrow every dollar we have in circulation, cash, or credit. If the banks create ample synthetic money we are prosperous; if not, we starve. We are absolutely without a permanent money system. When one gets a complete grasp of the picture, the tragic absurdity of our hopeless situation is almost incredible - but there it is. — Robert W. Hemphill

Depreciation of money can benefit debtors only when it is unforeseen. If inflationary measures and a reduction of the value of money are expected, then those who lend money will demand higher interest in order to compensate their probable loss of capital, and those who seek loans will be prepared to pay the higher interest because they have a prospect of gaining on capital account. — Ludwig Von Mises

Every sensible banker understands that Greece should not have received any more money: a bankrupt state that can never be expected to repay loans is not a good debtor. — Yanis Varoufakis

If you want to access the funds without wasting your money then get applied for bad credit no fee loans. They are excellent financial scheme that allows the borrowers to gain the desired amount of funds without demanding any additional charges or collateral from them. The best part of this loan plan is that poor creditors can also enjoy the service of this loan without any hindrance of their negative credit profile. — John Smith

Because the lenders sold many - though not all - of the loans they made to other investors, in the form of mortgage bonds, the industry was also fraught with moral hazard. "It was a fast-buck business," says Jacobs. "Any business where you can sell a product and make money without having to worry how the product performs is going to attract sleazy people. — Michael Lewis

And what people want to own, of course, is real estate. So a dental hygienist with bad credit making forty thousand dollars a year felt that she deserved to park her ass in a million-dollar home. With a little creative financing, and as long as housing prices continued to rise, she believed that she could afford a million-dollar home. And as long as the dental hygienist continued to pay interest on the mortgage for the million-dollar home, as long as housing prices continued to rise, as long as more loan officers approved more loans for more dental hygienists with bad credit who could continue to pay the interest on their overblown mortgages, housing prices would indeed stay stratospheric, and banks could print money based on that certainty. And, like your nursery rhyme, that was the house that Jack built." Kalchefsky — Jade Chang

Monstrous wars that had killed tens of thousands of innocent people weren't enough to inspire enlightened self-interest. Tiny loans, on the other hand, were. Money has no religion. — Bob Harris

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

Engineering undergraduates should not be charged fees. They should receive grants, not student loans, and the government will get the money back long-term from increased exports. — James Dyson

Student loans have been helpful to many. But they offer neither incentive nor assistance to those students who, by reason of family or other obligations, are unable or unwilling to go deeper into debt ... It is, moreover, only prudent economic and social policy for the public to share part of the costs of the long period of higher education for those whose development is essential to our national economic and social well-being. All of us share in the benefits - all should share in the costs. — John F. Kennedy

Let's put our money where our mouth is; let's invest in the future by investing in the education of our youth and the re-education of those who need it and aren't so young anymore. It's not charity; it's an investment in the mental, intellectual, and social infrastructure of our country and our planet. Charity is something you give to corporations when they commit crimes of fraud and plunge the world into economic turmoil. — Steve Bivans

Increasingly, the real estate developers can't get bank loans for their project financing in China. They're now going into the Hong Kong market to raise money in the bond market at very, very high rates, as high as 15, 20 percent. — James Chanos

Money is finite. There is not an infinite supply. That's something a lot of people have trouble remembering these days. In a time when crazy mortgages, car loans, student loans, and credit cards make you believe anyone can purchase anything at any time with no consequences, it's easy to forget that money has limits. — Dave Ramsey

Business is about problem-solving, but it does not always have to be about maximizing profit. When I went into business, my interest was to figure out how to solve problems I see in front of me. That's why I looked at the poverty issue. I got involved in lots of things to address it, and one of them was money lending with loans and credits and savings accounts, and in the process I created Grameen Bank. So you can also have social objectives. Ask yourself these questions: Who are you? What kind of world do you want? — Muhammad Yunus

If all bank loans were paid, there would not be a dollar of coin or currency in circulation. Someone has to borrow every dollar we have in circulation. We are absolutely without a permanent money system. — Robert W. Hemphill

When making their loans, the bankers should have thought more carefully about how easily they could call back the money - essentially a question about the liquidity of the loan. — Niall Ferguson

When the Goldman Sachs saleswoman called Mike Burry and told him that her firm would be happy to sell him credit default swaps in $100 million chunks, Burry guessed, rightly, that Goldman wasn't ultimately on the other side of his bets. Goldman would never be so stupid as to make huge naked bets that millions of insolvent Americans would repay their home loans. He didn't know who, or why, or how much, but he knew that some giant corporate entity with a triple-A rating was out there selling credit default swaps on subprime mortgage bonds. Only a triple-A-rated corporation could assume such risk, no money down, and no questions asked. Burry was right about this, too, but it would be three years before he knew it. The party on the other side of his bet against subprime mortgage bonds was the triple-A-rated insurance company AIG - American International Group, Inc. — Michael Lewis

Why do you butcher your carabao and feed a throng because your son is getting a wife?" Father always blustered to them who come asking for loans. But always, in the end, the tenants got the money
what they needed for a "decent" funeral, a baptism, a wedding. And as their debts piled up, they promised, "Next harvest will be good ... — F. Sionil Jose

Taking Big Bird away from our five year olds, lunch money away from our ten year olds, job training programs away from our fifteen year olds, and college loans away from our twenty year olds is a disgrace. — John Murray

But the arbitrary cuts, edits, and other changes the studio bosses made before releasing that movie were a bitter lesson for my friend, who valued creative control of his work as paramount. When he went on to make a movie based on another script of his own, a big Hollywood studio offered him a standard deal whereby the studio financed the project and held the power to change the film before its release. He refused the deal - his artistic integrity was more important. Instead my friend "bought" creative control by going off on his own and putting every penny of his profits from the first film into this second project. When he was almost done, his money ran out. He went looking for loans, but bank after bank turned him down. Only a last-minute loan from the tenth bank he implored saved the project. The film was Star Wars. — Daniel Goleman

I just thought acting would be something to help out with my student loans, but my first year as an actress, I made more money than my parents. That's when I realized it could turn into a career. After that, I put everything I had into it. — Gabrielle Union

Today, banks are allowed to loan out at least ten times the amount they actually are holding, so while you wonder how they get rich charging you 11% interest, it's not 11% a year they make on that amount but actually 110%. The bank lends other people's money to those that need loans, and when the bank runs out of money, they call the Federal Reserve for more. — Joseph P. Kauffman