Quotes About Creditors

complaints from France that Washington was exploiting its reserve currency status in order to collect seigniorage from America's foreign creditors by printing dollars, much as medieval monarchs had exploited their monopoly on minting to debase the currency.

it's not owning property that gives you security; it just gives your creditors security. Real security comes from having a steady income

relationships between debtors and creditors brokered or 'intermediated' by increasingly numerous institutions called banks. The core function of these institutions was now information gathering and risk management.

There is absolutely no shame in living within your income, however small it may be, but there is shame if creditors are always coming to your door.

Hamilton used the sinking fund to maintain the confidence of creditors in the government's securities; he had no intention of paying off the outstanding principal of the debt. Retiring the debt would only destroy its usefulness as money and as a means of attaching investors to the federal government.

The man who avoids debt doesn't have to worry about avoiding his creditors.

In 1980 the Latin American nations collectively were receiving from their external creditors—major banks, the International Monetary Fund, the World Bank—about $11 billion more than they were losing in capital transfers back to wealthy-nation interests. But by 1985 these nations would be losing $35 billion more a year in capital transfers to North America and Europe than they received in loans and investments.41

What the banking system needs is creditors who monitor risk and cut their exposure when that risk is too high. Unlike regulators, creditors and counterparties know the details of a deal and have their own money on the line.

Until 1869, when they were banned, debtors' prisons were the great incinerators of British reputations. Those who were unable to pay their bills were jailed until their creditors were paid - an unlikely event, given that the prisoner was unable to work.

The best companies with the strongest credit ratings borrow like the United States: on a non-prioritized basis. This means that in the event of a default, all of their debts are of equal priority because lenders and creditors believe default is highly unlikely. And they spend considerable effort maintaining this status.

Indiana taxpayers, retired Hoosier state policemen and teachers are neither greedy speculators nor unpatriotic. They are, however, secured creditors of Chrysler. They deserve to have their funds protected under the full auspices of the law.

Ah! That must be Aunt Augusta. Only relatives, or creditors, ever ring in that Wagnerian manner.

In other cities the process of decentralizing wealth was not so legal: the debtors of Mytilene massacred their creditors en masse, and excused themselves on the ground that they were hungry; the democrats of Argos (370) suddenly fell upon the rich, killed twelve hundred of them, and confiscated their property.

Substantive and procedural law benefits and protects landlords over tenants, creditors over debtors, lenders over borrowers, and the poor are seldom among the favored parties.

We borrow 40 cents out of every dollar that we spend. We borrow most of it from countries like China. They have become major creditors of the United States and have more power over our economy than we want them to. So dealing with this is not only the right thing economically, it's certainly right from a moral viewpoint.

Other inflationists realize very well that an increase in the quantity of money reduces the purchasing power of the monetary unit. But they endeavour to secure inflation none-the-less, because of its effect on the value of money; they want depreciation, because they want to favour debtors at the expense of creditors and because they want to encourage exportation and make importation difficult.

Walker told Kristjánsson about the Mossfon data and Wintris Inc., the offshore company belonging to Sigmundur Gunnlaugsson, Iceland's prime minister, who had been elected on a platform of getting tough on the country's creditors and their offshore dealings. Icelanders were not aware that their prime minister was himself involved in the very activity he was castigating.

banks and student loan companies had convinced Congress that such debts should be given special protection and not exempted. She remembered him saying, "Hell, even gamblers can go bankrupt and walk away.

The bankruptcy was called involuntary, as if others had eager volunteers. The pack was led by a print supplier from Memphis that was owed $60,000. Several creditors had not been paid in six months. The old Security Bank was calling in a loan.

I never heard of an old man forgetting where he had buried his money! Old people remember what interests them: the dates fixed for their lawsuits, and the names of their debtors and creditors.

In some cases, even learned Roman lawyers misunderstood what they read in the Twelve Tables. The idea that a defaulting debtor who had several creditors could be put to death and his body divided between them, in appropriately sized pieces, according to the amount owed, looks like one such misunderstanding (or so many modern critics have hoped).

Debt requires you to transfer your future wealth to your creditors.

Staff members accused the IMF of violating its rules by making bad loans "to states unable to repay their debts," simply to pay bankers and bondholders.

Neither money nor credit is a factor of production. Debtors do the work to pay their creditors. This means that interest is not a "return to a factor of production." Little credit is used to expand production or capital investment. Most is to transfer asset ownership.