Quotes About Lenders

We are very much engaged across the government, very much engaged in streamlining and simplifying our activities with borrowers and lenders, because that saves time and saves costs and we believe we can do that while maintaining the same or increased levels of oversight and risk management.

Most asset classes contain investment vehicles exhibiting some degree of agency risk, with corporate bonds representing an extreme case. Structural issues render corporate bonds hopelessly flawed as a portfolio alternative. Shareholder interests, with which company management generally identifies, diverge so dramatically from the goals of bondholders that lenders to companies must expect to end up on the wrong side of nearly every conflict.

Because equity owners get paid after corporations satisfy all other claimants, equity ownership represents a residual interest. As such, stockholders occupy a riskier position than, say, corporate lenders who enjoy a superior position in a company's capital structure.

When the economy is good and everyone is making money, banks and other lenders can be surprisingly loose about demanding adequate valuation of the assets they're basing their loan amounts on. But when times get bad, it's just like Robert Frost once said: "A bank is a place where they lend you an umbrella in fair weather and ask for it back when it begins to rain.

If lenders are forced to scale back student lending because private student loans are subject to bankruptcy discharge, many students will be denied access to higher education.

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.

For too long, Americans have fallen victim to financial abuses at the hands of predatory lenders that operate in the shadows.

If you really need a loan, you won't qualify. And if you don't need a loan, all the lenders will line up to give you money.

When individuals are exchanging present goods against future goods they do not take account in their valuations of Variations in the objective exchange-value of money. Lenders and borrowers are not in the habit of allowing for possible future fluctuations in the objective exchange-value of money.

lenders to trade their long-term income streams for short-term cash. Say

The way societies have coped with this deepening indebtedness should be the starting point of financial theorizing. Money is not a "factor of production." It is a claim on the output or income that others produce. Debtors do the work, not the lenders. Before a formal market for wage labor developed in antiquity, money lending was the major way to obtain the services of bondservants who were compelled to work off the interest that was owed.

What about our looming financial crises? Innovation can solve many problems, but it won't erase unsustainable debt. We have borrowed our way to prosperity with no exit strategy. Loans secured with home equity and other assets lifted consumption in the 2000s as income growth slowed. Dimming prospects of repayment did not deter lenders who preyed on increasingly desperate consumers and homeowners. Behavior that fueled the 2008 financial bubble and bust will persist, but on steroids.