Quotes About Debt

Back in 1996, 65 percent of subprime loans had been fixed-rate, meaning that typical subprime borrowers might be getting screwed, but at least they knew for sure how much they owed each month until they paid off the loan. By 2005, 75 percent of subprime loans were some form of floating-rate, usually fixed for the first two years.

we're helping the consumer. Because we're taking him out of his high interest rate credit card debt and putting him into lower interest rate mortgage debt.

Alan Greenspan assures us that home prices are not prone to bubbles—or major deflations—on any national scale," he'd said. "This is ridiculous, of course…. In 1933, during the fourth year of the Great Depression, the United States found itself in the midst of a housing crisis that put housing starts at 10% of the level of 1925. Roughly half of all mortgage debt was in default.

When you borrow a lot of money to create a false prosperity, you import the future into the present. It isn't the actual future so much as some grotesque silicone version of it. Leverage buys you a glimpse of a prosperity you haven't really earned.

How do you make poor people feel wealthy when wages are stagnant? You give them cheap loans.

a penniless, jobless old college friend who had been offered several loans from banks to buy a house he couldn't afford. That's

There is an ancient rule of financial life—if you owe the bank 5 million bucks, the bank owns you, but if you owe the bank 5 billion bucks, you own the bank—that

In Greece the banks didn't sink the country. The country sank the banks.

I don't do favors. I accumulate debts. —Ancient Sicilian motto

the bond market, because Wall Street was now making even bigger money packaging and selling and shuffling around America's growing debts.

Aid programs are not intended to effect serious social betterment. At best, they finance piecemeal projects of limited impact. More often, they are used to undermine local markets, drive small farmers off their land, build transportation and office facilities needed by outside investors, increase a country's debt and economic dependency, and further open its economy to multinational corporate penetration. Free Market for the Few

I am very glad that Paul Ryan left the government as a capitulating supplicant to Donald Trump while the government was shut down, while the debt hit record levels, right? Every single thing Paul Ryan claimed to care about.

While most of us are trying to be more frugal, the loss of a job, a divorce, or a medical emergency can quickly sink us deeply into debt.

Payable On Death is actually a banking term, when someone passes on, what someone leaves behind. We related that to Jesus on the cross, and by his death, our sins are paid, the debt is paid. We have salvation if we want it. We got tired of saying Payable On Death, so we went to P.O.D.

You remember had this gigantic clock in the arena showing the size of the national debt. And Paul told America, if you elect Republicans, we can fix that. But, if Paul Ryan was being honest, he would've pointed to the debt clock and said, we built that.

It is a dangerous experiment to call in gratitude as an ally to love. Love is a debt which inclination always pays, obligation never.

Among my friends love is a payment. It is an old debt for a borrowing foolishly spent.

Love's an illusion. It's a dream you wake up from with an enormous hangover and net credit debt. I'd rather have cash.

People who owed him favors were being cut loose.

Every writer owes something to Holmes. -- T.S. Eliot, in The Criterion, 1929

A wolf is clever-clever-clever, and they are as faithful as a debt unpaid.

Teaching was more important than personal objectives. Teaching was a serious debt that could only be repaid by correct teaching of new mages.

An account has come due. Debts must be settled.

It was a debt that Peter could never fully repay: the debt of borrowed courage.