Borrower Quotes

The rich is the one that rules over those of little means, and the borrower is servant to the man doing the lending. ~ Solomon

They make a profit from interest on the loan, not repayment of the loan. If a loan is paid off, the bank merely has to find another borrower, and that can be an expensive nuisance. ~ Anonymous

Home purchases that are very highly leveraged or unaffordable subject the borrower and lender to a great deal of risk. Moreover, even in a strong economy, unforeseen life events and risks in local real estate markets make highly leveraged borrowers vulnerable. ~ Ben Bernanke

The criminalization of debt, then, was the criminalization of the very basis of human society. It cannot be overemphasized that in a small community, everyone normally was both a lender and borrower. One can only imagine the tensions and temptations that must have existed in a community - and communities, much though they are based on love, in fact because they are based on love, will always also be full of hatred, rivalry and passion - when it became clear that with sufficiently clever scheming, manipulation, and perhaps a bit of strategic bribery, they could arrange to have almost anyone they hated imprisoned or even hanged. ~ David Graeber

When a bank calls in a loan, it obviously hurts the customer in question. But it also adversely affects other banks that have lent to this borrower. They are now less likely to be repaid and so can't as readily lend to their own customers. ~ Eric Maskin

When a bank makes a loan, it simply adds to the borrower's deposit account by the amount of the loan. It does not take this money from anyone else's deposit; it was not previously paid in to the bank by anyone. It's new money, created by the bank for the use of the borrower. ~ Robert B. Anderson

Every man is a borrower and a mimic, life is theatrical and literature a quotation. ~ Ralph Waldo Emerson

I must become a borrower of the night. ~ William Shakespeare

DON'T BE A FOLLOWER,
NOR TRY TO BE A BORROWER,
MEND UR WAY,
EVEN IT TAKE A DAY,
IF U WISH TO BE A WINNER,
UR DREAMS SHOULD BE BIGGER. ~ Merlin8thomas

Russia will honour its international commitments. Our country is a reliable borrower, a reliable creditor and a reliable supplier. Sanctions come and go, but business ties, economic interests and the reputation of a state remain ~ Dmitry Medvedev

Debt is a mistake between lender and borrower, and both should suffer. ~ Nassim Nicholas Taleb

Grameen Bank was formed as an institution owned by its borrower members, who are poor women. Through its unique decision-making process, Grameen Bank has given millions of women the means to emerge from the shadows in a male-dominated society and to make something of themselves. ~ Muhammad Yunus

Then came the second Amsterdam discovery, although the principle was known elsewhere. Bank deposits ... did not need to be left idly in the bank. They could be lent. The bank then got interest. The borrower then had a deposit that he could spend. But the original deposit still stood to the credit of the original depositor. That too could be spent. Money, spendable money, had been created. Let no one rub his or her eyes. It's still being done-every day. The creation of money by a bank is as simple as this, so simple, I've often said, that the mind is slightly repelled. ~ John Kenneth Galbraith

Good nature is the cheapest commodity in the world, and love is the only thing that will pay ten percent, to borrower and lender both. ~ Robert Green Ingersoll

Proverbs 22:7 "The rich rule over the poor and the borrower is slave to the lender."

Galatians 5:1 "do not let yourselves be burdened again by a yoke of slavery. ~ Anonymous

Neither a borrower nor a lender be, for loan oft loses both itself and friend, and borrowing dulls the edge of husbandry. ~ William Shakespeare

Tentane Mutual's policy was not to consider any loan modification unless the borrower was delinquent in their payments. I told Mr. Marsh at the time that it may be easier for him to qualify for a loan modification than a refinance, because the qualification criteria was relaxed. But it was his decision." "But you didn't tell Mr. Marsh at that time that falling ~ Kenneth Eade

The room didn't look haunted or eerie now;it was only melancholy in it's faded grandeur. ~ Elizabeth Peters

The shoulders of a borrower are always a little straighter than those of a beggar. ~ Morris L. Ernst

Borrowed thoughts, like borrowed money, only show the poverty of the borrower. ~ Marguerite Gardiner, Countess Of Blessington

Household was making loans at a faster pace than ever. A big source of its growth had been the second mortgage. The document offered a fifteen-year, fixed-rate loan, but it was bizarrely disguised as a thirty-year loan. It took the stream of payments the homeowner would make to Household over fifteen years, spread it hypothetically over thirty years, and asked: If you were making the same dollar payments over thirty years that you are in fact making over fifteen, what would your "effective rate" of interest be? It was a weird, dishonest sales pitch. The borrower was told he had an "effective interest rate of 7 percent" when he was in fact paying something like 12.5 percent. "It was blatant fraud," said Eisman. "They were tricking their customers. ~ Michael Lewis

The borrower runs in his own debt. ~ Ralph Waldo Emerson

The borrower is slave to the lender and the debtor to the creditor. ~ Benjamin Franklin

Hamlet | Act I, Scene III

POLONIUS:
Yet here, Laertes? Aboard, aboard, for shame!
The wind sits in the shoulder of your sail,
And you are stay'd for. There, my blessing with thee.
And these few precepts in thy memory
See thou character. Give thy thoughts no tongue,
Nor any unproportion'd thought his act.
Be thou familiar, but by no means vulgar.
Those friends thou hast, and their adoption tried,
Grapple them to thy soul with hoops of steel;
But do not dull thy palm with entertainment
Of each new-hatch'd, unfledged comrade. Beware
Of entrance to a quarrel; but being in,
Bear't that the opposed may beware of thee.
Give every man thy ear, but few thy voice;
Take each man's censure, but reserve thy judgment.
Costly thy habit as thy purse can buy,
But not express'd in fancy; rich, not gaudy;
For the apparel oft proclaims the man,
And they in France of the best rank and station
Are of a most select and generous, chief in that.
Neither a borrower nor a lender be;
For loan oft loses both itself and friend,
And borrowing dulls the edge of husbandry.
This above all: to thine own self be true,
And it must follow, as the night the day,
Thou canst not then be false to any man.
Farewell. My blessing season this in thee! ~ William Shakespeare

Unlike other loans, a reverse mortgage doesn't have to be repaid until the borrower moves out of the home or passes away. ~ Jean Chatzky

Beginning in the 1980s, electronic trading detached the buyer from the seller, complex derivatives insulated the investor from the company, CDOs sequestered the lender from the borrower - in other words, the decade constructed a system that allowed us to rip each other off without fear of having to look at the ramifications of our actions. ~ David Sirota