Quotes About Financial

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.

The market might have learned a simple lesson: Don't make loans to people who can't repay them. Instead it learned a complicated one: You can keep on making these loans, just don't keep them on your books. Make the loans, then sell them off to the fixed income departments of big Wall Street investment banks

The main effect of turning a partnership into a corporation was to transfer the financial risk to the shareholders. "When things go wrong it's their problem

Pope Benedict XVI was the first to predict the crisis in the global financial system… Italian Finance Minister Giulio Tremonti said. "The prediction that an undisciplined economy would collapse by its own rules can be found" in an article written by Cardinal Joseph Ratzinger

Charles Kindleberger's 1978 classic, Manias, Panics, and Crashes.

Asked to guess what it might cost the U.S. government to return Hanford to the standards now legally required of it, MacWilliams said, "A century and a hundred billion dollars." And that, he thought, might be a conservative estimate.

Eisman was now explaining why the world was going to blow up, but his partners were only half-listening…because the financial world was blowing up.

One of these people—a Canadian, of all things—stands at the picture's center, organizing the many smaller pictures into a coherent whole. His willingness to throw open a window on the American financial world, and to show people what it has become, still takes my breath away.

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

The biggest problem the banks had was that they had lent roughly 30 billion euros to the Greek government—where it was stolen or squandered. In Greece the banks didn't sink the country. The country sank the banks.

The initial promise of computer technology was to remove the intermediary from the financial market, or at least reduce the amount he could scalp from that market. The reality turned out to be a windfall for financial intermediaries—of somewhere between $10 billion and $22 billion a year, depending on whose estimates you wanted to believe.

They had proven far less capable of grasping basic truths in the heart of the U.S. financial system than a one-eyed money manager with Asperger's syndrome.

Cornwall had a problem more immediate than the collapse of society as we know it: the collapse of Bear Stearns.

As with the government failures that made 9/11 possible, neglecting to prevent the crash of '08 was a sin of omission - less the result of deregulation per se than of disbelief in financial regulation as a legitimate mechanism.

A lot of people have asked me how short I am. Since my last divorce, I think I'm about $100,000 short.

I was just in the middle of singing a song about how broke we were and now my cell phone rings.

We didn't have a whole lot of cash growing up. My mom was a single parent for a while before my stepdad came into the picture.

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.

A lot of the best managers in the game were forced into it by financial necessity. From Sir Alex Ferguson to Jurgen Klopp, their main incentive to move into coaching after their playing careers was to make a living.

I often say to entrepreneurs, 'If Lehman Brothers were Lehman Brothers & Sisters, it wouldn't have gone into bankruptcy.'

I was broke from 19 to 26, borrowing money from my parents or my brothers or sisters every week to pay the bills.

I think fighters for a long time, were afraid to pull out of fights for many reasons. Like sitting on the shelf for a long time due to not having as many fight cards back then. Feeling like a wuss, disappointing the boss and fans, or just needing the money.

I remember my mother and I sitting down counting off our pennies to pay our bills. We really had nothing.

My only opinion on the L&H 'home movie' situation - I regret we have no financial interest in them.