Quotes About Debt

Credit is a promise to deliver money. It will produce GDP but you'll create credit... So you reach a certain point that that you can't do that anymore... There are choices. And how do we best support, apportion the money? How much is going to be transferred?

The IMF played crucial roles in the 1980s debt crisis and in the transformation of former communist economies. Radical change, many might argue, is neither necessary nor desirable.

The PUP came into office in 1998 when the public debt of Belize was over $600 million and the economy was at a standstill. When we left office in 2008, ten years later, the debt was higher, but a lot was accomplished: the economy was transformed and the social and physical infrastructure of the country significantly upgraded.

It takes some discipline and hard work, but relying on credit when things go wrong is a trap.

Critón, le debemos un gallo a Asclepio. ¿Te acordarás de pagar la deuda?

No credit--no debt. Credit leads a man into temptation. Cash down is the only thing that will deliver him from evil.

this work of wanting More than the actual. To watch yourself Move in and out of all that truth And beauty—to be in debt is to remain awake.

Write a list of 10 things you need to finish or start that you haven't. It may be a home improvement project or a plan to get out of debt.

Greece was born in a state of economic default and international receivership.

Breach of promise is no less an act of insolvency than a refusal to pay one's debt.

Judaism for me is a sensibility of collective self-questioning and uncomfortable truth-telling. I feel a debt of responsibility to this past. It is why I am Jewish.

Science, also, is most largely indebted to these beauty-loving Greeks, for truth is one form of loveliness.

In Sweden, self-sufficiency and autonomy is all; [interpersonal] debt of any kind, be it emotional, a favor, or cash, is to be avoided at all cost. The Swedes don't even like to owe a round of drinks.

And then the man reminded Max, with a serious but suave and practiced air, that freedom was a debt that could be repaid only by purchasing the freedom of others.

I charge you as I was charged. Don't waste your life. Don't allow your body's weakness to be a weakness of your spirit. Repay your debt of freedom. You have the key.

financially. He gets so far upside down on his mortgage he's

A Home without Equity Is Just a Rental with Debt

Complicated financial stuff was being dreamed up for the sole purpose of lending money to people who could never repay it.

Above all, recognize that if you have had success, you have also had luck—and with luck comes obligation. You owe a debt, and not just to your gods. You owe a debt to the unlucky.

Who takes out a home loan and doesn't make the first payment?" asked Danny Moses, putting the matter one way. "Who the fuck lends money to people who can't make the first payment?" asked Eisman, putting it another.

Debt ownership in a shaky enterprise means control, for when a company fails to meet its interest payments, a bondholder can foreclose and liquidate the company.

The rating agencies, who were paid fat fees by Goldman Sachs and other Wall Street firms for each deal they rated, pronounced 80 percent of the new tower of debt triple-A.

The same system that once gave us subprime mortgage collateralized debt obligations no investor could possibly truly understand now gave us stock market trades that occurred at fractions of a penny at unsafe speeds using order types that no investor could possibly truly understand.

We fought with those cocksuckers all the way down," says one Deutsche Bank trader. And, all the way down, the debt collectors at Deutsche Bank sensed the bond traders at Morgan Stanley misunderstood their own trade. They weren't lying; they genuinely failed to understand the nature of the subprime CDO.