Quotes About Loans

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.

Commercial "silver" debts among traders and other entrepreneurs were not subject to these debt jubilees. Rulers recognized that productive business loans provide resources for the borrower to pay back with interest, in contrast to consumer debt. This was the contrast that medieval Schoolmen later would draw between interest and usury.

A return to classical bank policy would deem loans fraudulent and annul debts when creditors do not lend with any reasonable calculation of how the debt can be paid in the normal course of economic life. Loans made without such a calculation should be considered predatory. The natural check on such behavior is to permit mortgage debtors to walk away from their homes, free of the debts attached to them, letting title revert to the banks that over-lent.

A thought crossed his mind: How do you make poor people feel wealthy when wages are stagnant? You give them cheap loans.

The main drawback of the government sponsored transcontinentals was that they were not funded through market savings but instead government loans and land grants, and were thus not disciplined by profit and loss. By granting subsidies, the government diverted resources away from where consumers would have spent their money (and hence valued more highly).

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.

Always borrow money from a pessimist. He won't expect it back.

the Panama Scandal of 1888–92, centered on widespread bribery of French officials and parliamentarians in order to obtain loans to finance a French company seeking to build a canal through Panama.

Do not charge your brother interest on money, food, or any other type of loan.

Will not all of these take up a taunt against him, speaking with mockery and derision: ëWoe to him who amasses what is not his and makes himself rich with many loans! How long will this go on?í