Quotes About Bankruptcy

he recognized Donald Trump's picture on the jacket and assumed it was a get-rich-quick scheme. Obviously, Jake Berman hadn't taken the man's advice. Though, considering Berman had lost his job and declared bankruptcy, maybe he had.

When people are collecting gold they aren't doing business. ... Gold is constipation: even bankruptcy is more fluid. Gold isn't wealth: positions in markets are wealth.

Unlike the days of the gold standard, it is impossible for the Federal Reserve to go bankrupt; it holds the legal monopoly of counterfeiting (of creating money out of thin air) in the entire country.

Bankruptcy is like losing your virginity. It doesn't hurt the next time.

I have a serious investment problem. I have no money.

Bankruptcies will be up 18 to 42 percent around racinos areas tracks as people lose their money

Credit default swap gives you something to do. You can buy some credit default swaps from them to protect yourself against the bankruptcy of people who owe you money.

When a political opponent resorts to the racist card, it's a sure sign of moral bankruptcy: there's no decent argument left in the armoury.

Many people become bankrupt through having invested too heavily in the prose of life. To have ruined one's self over poetry is an honor.

You are pitiful isolated individuals; you are bankrupts; your role is played out. Go where you belong from now on - into the dustbin of history!

Second, he is credited with almost single-handedly devising the financial rescue package that saved New York City from bankruptcy in 1975, standing tall against President Gerald Ford and his incendiary refusal to help.

The East India Company limped on in its amputated form for another fifteen years when its charter expired, finally quietly shutting down in 1874, 'with less fanfare,' noted one commentator, 'than a regional railway bankruptcy'. Its brand name is now owned by two brothers from Kerala who use it to sell 'condiments and fine foods' from a showroom in London's West End.

On 8 June 1772, a Scottish banker named Alexander Fordyce disappeared from his office, leaving debts of £550,000.* His bank, Neal, James, Fordyce and Down, imploded soon after and declared bankruptcy. Another institution with large investments in Company stock, Douglas, Heron & Company, otherwise known as the Ayr Bank, closed its doors the following

I always wonder how banks manage to go bankrupt at all considering they can just make up the money, and especially, what is stopping them from lending money to themselves.

The chief cause of bankruptcy in America is catastrophic illness; most borrowing is simply a matter of survival (if one does not have a car, one cannot work); and for most, simply being able to go to college now means debt peonage for at least half of one's subsequent working life.36 Still, it is useful to point out that for real human beings survival is rarely enough. Nor should it be.

The fury with which Japan unleashed itself upon international trade, the kind of economic Darwinism that was at the center of its impulse, originally came not just from each company's desire to conquer the world but from its desire to take market share away from domestic competitors. In Japan there was always someone ready to undersell someone else, and there was always someone on the edge of bankruptcy.

The good news is, we're not bankrupt. The bad news is, we're close.

I understand how important the automakers are to America. And I understand a bankruptcy; a failure in that industry wouldn't be a good thing. It's something we should avoid.

Family responsibility, yes, and always. Family bankruptcy due to the cruel rules of government, no.

The Original Sin which brought us to the brink of bankruptcy and dictatorship was the Federal Income Tax Amendment and its illegitimate child, Federal Aid.

The great problem with government is that it never goes bankrupt.

The government cannot become a bailout organization for companies on the verge of bankruptcy.

Five thousand people every day lose their home because of a medical bankruptcy. Most of them had insurance.

Do not tend to hire only people who see what you see. Such a tendency may lead to a decline in operating profit, and even bankruptcy.