Lenders Quotes

These words are my mother's,
my father's, my brother's, my lender's, my garbage
man's - the poem runs
like oil on fire
beneath this earth where we know each other.
Witness the black smoke everywhere. ~ B.J. Ward

It is better to be a lender than a spender. ~ Jim Rohn

Some people think the Federal Reserve Banks are US government institutions. They are not ... they are private credit monopolies which prey upon the people of the US for the benefit of themselves and their foreign and domestic swindlers, and rich and predatory money lenders. The sack of the United States by the Fed is the greatest crime in history. Every effort has been made by the Fed to conceal its powers, but the truth is the Fed has usurped the government. It controls everything here and it controls all our foreign relations. It makes and breaks governments at will. ~ Louis Thomas McFadden

States used to protect consumers from predatory lenders, but strong state usury laws were obliterated by a 1978 U.S. Supreme Court decision. ~ Bernie Sanders

Banks and other providers of credit to households have been competing vigorously to expand or protect their market share. In the process, lending standards have been progressively eroded so that lenders are now engaging in practices that would have been regarded as out of the question five or ten years ago. ~ Ian Macfarlane

They could call Jesus a terrorist too. I mean, he was pretty tough on money lenders a time or two. ~ Ramsey Clark

When the government runs out of lenders, it can do something that households are forbidden to do: print money. ~ P. J. O'Rourke

The president's attempted diktat takes money from bondholders and gives it a labor union that delivers money and votes for him ... Shaking down lenders for the benefit of political donors is recycled corruption and the abuse of power. ~ Cliff Asness

Credit card issuers and HELOC lenders are like fair-weather friends: They cozy up to you in good times, but when the economy heads south, they abandon you faster than Usain Bolt runs the 100 meters. ~ Suze Orman

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. ~ Ludwig Von Mises

Serious businesses and lenders will tell you that managing your cash flow is one of the most important aspects in the health of any business. Managing you time flow is key to a healthy and successful life, because, Time is equal to Life. The quality of time expenditure is in direct proportion to the quality of life enjoyed. ~ Archibald Marwizi

These settlements [Justice Department with lenders] include requirements that banks lend to minorities at below-market rates and, in effect, dish out cash to politically favored 'community groups.' It's a good bet that many of these loans will eventually go bad. ~ Mary Kissel

It is not the responsibility of the Federal Bank - nor would it be appropriate - to protect lenders and investors from the consequences of their decisions ~ Ben Bernanke

He became the largest individual hog farmer in the North. And, in order not to be victimized by meat packers, he bought controlling interest in an Indianapolis slaughterhouse. In order not to be victimized by steel suppliers, he bought controlling interest in a steel company in Pittsburgh. In order not to be victimized by coal suppliers, he bought controlling interest in several mines. In order not to be victimized by money lenders, he founded a bank. ~ Kurt Vonnegut

The secret of high finance ... 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. ~ Joanne Fluke

Stronger regulation and supervision aimed at problems with underwriting practices and lenders' risk management would have been a more effective and surgical approach to constraining the housing bubble than a general increase in interest rates. ~ Ben Bernanke

Overborrowing or overlending? Lenders encourage indebtedness because it is profitable. Developing country governments are sometimes even pressured to overborrow ... Even without corruption, it is easy to be influenced by Western businessmen and financiers ... Countries that aren't sure that borrowing is worth the rist are told how important it is to establis a credit rating: borrow even if you really don't need the money. ~ Joseph E. Stiglitz

Irrational lenders come and go - mostly they go! ~ John G. Stumpf

Lenders make their choices with clear preferences: "Africans first, women first, and agriculture first" (Flannery, ~ Anke Schwittay

When does money run out of time? The countdown begins when investable assets pose too much risk for too little return; when lenders desert credit markets for other alternatives such as cash or real assets. ~ Bill Gross

The instability of a white neighborhood under pressure from the very possibility of integration put the neighborhood into a kind of real estate purgatory. It set off a downward cycle of anticipation, in which worried whites no longer bought homes in white neighborhoods that might one day attract colored residents even if none lived there at the time. Rents and purchase prices were dropped "in a futile attempt to attract white residents," as Hirsch put it. With prices falling and the neighborhood's future uncertain, lenders refused to grant mortgages or made them more difficult to obtain. Panicked whites sold at low prices to salvage what equity they had left, giving the homeowners who remained little incentive to invest any further to keep up or improve their properties. ~ Isabel Wilkerson

Many banks do not advertise they are portfolio lenders and many people working at the bank may not even know what a portfolio lender is. If you are calling up a bank and they say they aren't a portfolio lender, don't give up! Ask to talk to a loan officer and ask specific questions about what type of investor programs they offer. Here are some good questions to ask; Do you loan to investors who already have four mortgages? Do you sell your loans or keep them in-house? Do you allow investors with four or more mortgages to do cash out refinance? What terms and loan programs do you offer investors? ARM, 15, 30 year fixed, balloon? What interest rates are you charging and what are the initial costs for your loans? What ~ Mark Ferguson

The dominant propaganda systems have appropriated the term "globalization" to refer to the specific version of international economic integration that they favor, which privileges the rights of investors and lenders, those of people being incidental. In accord with this usage, those who favor a different form of international integration, which privileges the rights of human beings, become "anti-globalist." This is simply vulgar propaganda, like the term "anti-Soviet" used by the most disgusting commissars to refer to dissidents. It is not only vulgar, but idiotic. ~ Noam Chomsky

Obey thy parents, keep thy word justly; swear not; commit not with man's sworn spouse; set not thy sweet heart on proud array. * * * Keep thy foot out of brothels, thy pen from lenders' books. ~ William Shakespeare

EDGAR
A serving-man, proud in heart and mind; that curled
my hair; wore gloves in my cap; served the lust of
my mistress' heart, and did the act of darkness with
her; swore as many oaths as I spake words, and
broke them in the sweet face of heaven: one that
slept in the contriving of lust, and waked to do it:
wine loved I deeply, dice dearly: and in woman
out-paramoured the Turk: false of heart, light of
ear, bloody of hand; hog in sloth, fox in stealth,
wolf in greediness, dog in madness, lion in prey.
Let not the creaking of shoes nor the rustling of
silks betray thy poor heart to woman: keep thy foot
out of brothels, thy hand out of plackets, thy pen
from lenders' books, and defy the foul fiend.
Still through the hawthorn blows the cold wind:
Says suum, mun, ha, no, nonny.
Dolphin my boy, my boy, sessa! let him trot by.
Storm still. ~ William Shakespeare

We see money accumulating at the
centers, with difficulty of finding safe
investment for it; interest rates dropping
down lower than ever before;
money available in great plenty for
things that are obviously safe, but not
available at all for things that are in
fact safe, and which under normal conditions
would be entirely safe (and there
are a great many such), but which are
now viewed with suspicion by lenders. ~ D.M. Frederikson

Improvements in lending practices driven by information technology have enabled lenders to reach out to households with previously unrecognized borrowing capacities. ~ Alan Greenspan

First of all, these lenders are not babies. These are total killers. These are not the nice, sweet little people you think. You're living in a world of make-believe. ~ Donald Trump

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

Fannie Mae and Freddie Mac buy mortgages from banks and other lenders, providing those financial institutions with capital to make new loans. ~ Charles Duhigg

Most Americans have no real understanding of the operation of the international money lenders. The accounts of the Federal Reserve System have never been audited. It operates outside the control of Congress and manipulates the credit of the United States ~ Barry M. Goldwater

Lenders to trade their long-term income streams for short-term cash. Say ~ Matt Taibbi

Private fortunes, in the present state of our circulation, are at the mercy of those self-created money lenders, and are prostrated by the floods of nominal money with which their avarice deluges us. ~ Thomas Jefferson

A government offering such bounty to builders and lenders could have required compliance with a nondiscrimination policy. Instead, the FHA adopted a racial policy that could well have been culled from the Nuremberg laws. ~ Charles Abrams

No other facet of American business is more corrupt, more intoxicated with illegality, more weakly regulated, and has a greater impact on poor and working people than debt collectors; not credit card companies or subprime mortgages, not even payday lenders. ~ Gary Weiss

Ninety percent of the students take the 'preferred lender.' Why? Because that's the nature of the relationship. You trust the school. The school is in a position of authority. ~ Andrew Cuomo

By the time most people file for bankruptcy, their credit is already trashed, they have a high debt-to-income ratio - a key indicator lenders look at - and they've likely defaulted on more than a few accounts. ~ Jean Chatzky

On the American Oligarchy

"How about the United States?" a man yelled from the audience.

"And what about it?" Martin retorted. "The thirteen colonies threw off their rulers and formed the Republic so-called. The slaves were their own masters. There were no more masters of the sword. But you couldn't get along without masters of some sort, and there arose a new set of masters–not the great, virile noble men, but the shrewd and spidery traders and money-lenders. And they enslaved you all over again–but not frankly, as the true, noble men would do with weight of their own right arms, but secretly, by spidery machinations and by wheedling and cajoling and lies. They have purchased your slave judges, they have debauched your slave legislatures, and they have forced to worse horrors than chattel slavery your slave boys and girls. Two million of your children are toiling today in this trade-oligarchy of the United States. Ten millions of your slaves are not properly sheltered nor properly fed. ~ Jack London

In money-lenders' capital the form M-C-M is reduced to the two extremes without a mean, M-M , money exchanged for more money, a form that is incompatible with the nature of money, and therefore remains inexplicable from the standpoint of the circulation of commodities. Hence Aristotle: since chrematistic is a double science, one part belonging to commerce, the other to economic, the latter being necessary and praiseworthy, the former based on circulation and with justice disapproved (for it is not based on Nature, but on mutual cheating), therefore the usurer is most rightly hated, because money itself is the source of his gain, and is not used for the purposes for which it was invented. ~ Karl Marx

The average credit score of today's FHA borrowers is higher than the average American household with a score. As it becomes more costly and difficult to get a FHA loan, loans from private mortgage lenders will become more attractive and their market share will grow. ~ Mark Zandi

The US is not a superpower. The US is a financially dependent country that foreign lenders can close down at will. Washington still hasn't learned this. American hubris can lead the administration and Congress into a bailout solution that the rest of the world, which has to finance it, might not accept. ~ Paul Craig Roberts

The American share of the crisis began with grossly improper mortgages provided to wholly unqualified borrowers, all directly caused and encouraged by government distortion of and interference in the market. The government's market deformation and market intervention was in turn the result of two factors: political favouritism and Leftist ideology, on the one hand; and upon the other, corruption: the blatant cooption of such Friends of Angelo as Mr Dodd and of such bien-pensant Lefties as Mr Frank. The stability and efficiency of any market is directly proportional to the amount and trustworthiness of market information. The Yank Congress, for blatantly partisan and ideological reasons, gave out false information to the market, pushing lenders into making bad loans and giving out, with the appropriate winks and nudges, that Fannie (will Americans ever realise how that sounds) and Freddie, imperfectly quangoised, were 'really just as good as the Treasury' and were in any case 'too big to [be let] fail': which, as it happens, was untrue. Similarly, this moronic mantra of 'too big to fail' was chanted desperately and loudly to drown out the warning sounds of various financial institutions on the brink and of the automobile industry. Incomprehensible sums of public money were thrown at these corporations so that they could avoid bankruptcy, and have succeeded only in privatising profit whilst socialising risk. ~ G.M.W. Wemyss

Lenders, including major credit companies as well as payday lenders, have taken over the traditional role of the street-corner loan shark, charging the poor insanely high rates of interest. ~ Barbara Ehrenreich

Engaged in a new form of serfdom
only bound now to banks and mortgage lenders instead of to lords
her more highly leveraged neighbors pore over the business section of the newspaper each day looking for some sign that the government will soon step in to "freeze" their mortgage rates where they are before a scheduled adjustment hits. ~ Douglas Rushkoff

We rarely use much debt and, when we do, we attempt to structure it on a long-term fixed rate basis. We will reject interesting opportunities rather than over-leverage our balance sheet. This conservatism has penalized our results but it is the only behavior that leaves us comfortable, considering our fiduciary obligations to policyholders, depositors, lenders and the many equity holders who have committed unusually large portions of their net worth to our care. ~ Warren Buffett

The U.S. dollar is in terminal decline. America is tragically bankrupt, unable to pay its lenders without printing the dollars to do so, and enmeshed in an economic depression. The clock is ticking until the dollar faces a crisis of confidence like every other bubble before it. ~ Peter Schiff

The danger, of course, is that it is not always easy to distinguish between a default that was inevitable - in the sense that a country is so highly leveraged and so badly managed that it takes very little to force it into default - and one that was not - in the sense that a country is fundamentally sound but is having difficulties sustaining confidence because of a very temporary and easily solvable liquidity problem. In the heat of a crisis, it is all too tempting for would-be rescuers (today notably multilateral lenders such as the IMF) to persuade themselves that they are facing a confidence problem that can be solved with short-term bridge loans, when in fact they are confronting a much more deeply rooted crisis of solvency and willingness to pay ~ Carmen M. Reinhart

Perhaps more than anything else, failure to recognize the precariousness and fickleness of confidence - especially in cases in which large short-term debts need to be rolled over continuously - is the key factor that gives rise to the this-time-is-different syndrome. Highly indebted governments, banks, or corporations can seem to be merrily rolling along for an extended period, when bang! - confidence collapses, lenders disappear, and a crisis hits. ~ Carmen Reinhart

It is assumed that when anyone gets into debt, the fault is entirely and always the fault of the lender. ~ Bernard Levin

If the banks become unreliable lenders, apartment prices will drop dramatically. ~ Harry Triguboff

A short squeeze could happen with the U.S. dollar if lenders suddenly forced debtors to pay in cash. ~ Robert Kiyosaki

The borrowers will always be willing to take a great deal for themselves. It's up to the lenders to show restraint, and when they lose it, watch out. ~ Michael Burry

In Chicago and across the country, whites looking to achieve the American dream could rely on a legitimate credit system backed by the government. Blacks were herded into the sights of unscrupulous lenders who took them for money and for sport. ~ Ta-Nehisi Coates

Banks are nothing but old fashioned money lenders. They encourage you to borrow, to get in debt, and when you can't pay back the loan they take your home away. At least a money lender only breaks your legs. ~ Karl Wiggins

When people feel like, 'Lenders weren't fair with me; I don't have any responsibility to be fair with them.' If we go far enough down that line, much of the fabric of our economy starts to unravel. ~ Elizabeth Warren

Capitalist systems function less well without state protection of investors, lenders, and companies against monopoly, deception, and fraud. ~ Edmund Phelps

One of the issues with some of these lenders is going to be, where will their provider of credit be when there's a crisis? That's why some of these smarter services, to support their operations, are courting more permanent capital. They want a source of longer-term funding that can survive a crisis. ~ Jamie Dimon

Certainly I shall use the police, and most ruthlessly, whenever the German people are hurt. But I refuse the notion that the police are protective troops for Jewish stores. No, the police protect whoever comes into Germany legitimately, but it does not exist for the purpose of protecting Jewish money-lenders. ~ Hermann Goring

If two parties, instead of being a bank and an individual, were an individual and an individual, they could not inflate the circulating medium by a loan transaction, for the simple reason that the lender could not lend what he didn't have, as banks can do. Only commercial banks and trust companies can lend money that they manufacture by lending it. ~ Irving Fisher