Quotes about lender

A collection of quotes on the topic of lender, use, money, function.

Quotes about lender

“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 ownself be true.
And it must follow, as the night the day,
Thou canst not then be false to any man.”

William Shakespeare Hamlet

Polonius, Act I, scene iii.
Source: Hamlet (1600–1)

Falseness, Night

“The ant is no lender; that is the least of her faults.”

Jean De La Fontaine (1621–1695) French poet, fabulist and writer.

La fourmi n'est pas prêteuse;
C'est là son moindre défaut.
Book I (1668), fable 1.
Fables (1668–1679)

“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 (1943) writer

Source: Peach Cobbler Murder

Money, Secret

“The stakeholder concept was originally defined as "those groups without whose support the organization would cease to exist." The list of stakeholders originally included shareowners, employees, customers, suppliers, lenders and society. Stemming from the work of Igor Ansoff and Robert Stewart (in the planning department at Lockheed) and, later Marion Doscher and Stewart at SRI, the original approach served an important information function in the SRI corporate planning.”

Igor Ansoff (1918–2001) American mathematician

R. Edward Freeman (2010) Strategic Management: A Stakeholder Approach. p. 32

Support

“It was a global depression, had many causes, the whole story requires you to look at the whole international system. But policy errors in United States, as well as abroad, did play an important role. And in particular as I said, the Federal Reserve failed in this first challenge in both parts of its mission. It did not use monetary policy aggressively to prevent deflation and the collapse in the economy, so it failed in its economic stability function. And it didn't adequately perform its function as lender of last resort allowing many bank failures and a resulting contraction in credit and also with the money supply. So, in that respect, again, the Fed did not fulfill its intended mission.”

Ben Bernanke (1953) American economist

Lecture 1: Origins and Mission of the Federal Reserve
The Federal Reserve and the Financial Crisis (2012)

Money, Error, Failure, Parting

“Among the most graceful of birds, they have the ugliest faces; in the countenance of a seagull we observe all the bitter hatred and malignance which we usually associate with the faces of money-lenders or book censors.”

Robertson Davies (1913–1995) Canadian journalist, playwright, professor, critic, and novelist

The Table Talk of Samuel Marchbanks (1949)

Money, Books, Bird

“The Treasury plan is a disgrace: a bailout of reckless bankers, lenders and investors that provides little direct debt relief to borrowers and financially stressed households and that will come at a very high cost to the US taxpayer. And the plan does nothing to resolve the severe stress in money markets and interbank markets that are now close to a systemic meltdown.”

Nouriel Roubini (1958) American economist

"RGE Conference Call on the Economic and Financial Outlook... and why the Treasury TARP bailout is flawed," http://www.rgemonitor.com/roubini-monitor/253762/rge_conference_call_on_the_economic_and_financial_outlookand_why_the_treasury_tarp_bailout_is_flawed RGE Monitor (2008-09-26).

Money

“American consumers might benefit if lenders provided greater mortgage product alternatives to the traditional fixed-rate mortgage.”

Alan Greenspan (1926) 13th Chairman of the Federal Reserve in the United States

February 2004 http://www.startribune.com/nation/12598281.html, in a speech praising the benefits of adjustable-rate mortgages. <br class="br">2000s

R. Edward Freeman (1951) American academic

R. Edward Freeman (2010) Strategic Management: A Stakeholder Approach. p. 32

Support

“The story of the Northern Counties Building Society is instructive. Established in 1850 in the North East by dispossessed workers who pooled their funds to retrieve a home in the world it grew steadily over the years. It was part of the local economy and society, that most precious civic inheritance, a trusted financial institution. In 1965 it merged with another local institution, the Rock Building Society to become Northern Rock Building Society. It demutualised in 1997 and became Northern Rock, which sponsored Newcastle United and became the fifth biggest lender in the UK market. An institution that was founded by local people for local people and had partnered its region in good times and bad for a hundred and forty seven years, that had weathered four serious depressions and emerged stronger from each could not last through New Labour’s period in Government.”

Maurice Glasman, Baron Glasman (1961) British philosopher

Blue Labour, Tackling Poverty Together http://www.bluelabour.org/2013/11/24/tackling-poverty-together/

People, World, Home, Time

“The explanation of this book is that the 1929 depression was so wide, so deep, and so long because the international economic system was rendered unstable by British inability and U. S. unwillingness to assume responsibility for stabilizing it by discharging five functions:(1) maintaining a relatively open market for distress goods;
(2) providing countercyclical, or at least stable, long term lending;
(3) policing a relatively stable system of exchange rates;
(4) ensuring the coordination of macroeconomic policies;
(5) acting as a lender of last resort by discounting or otherwise providing liquidity in financial crisis.”

Charles P. Kindleberger (1910–2003) American economic historian

The World in Depression, 1929-1939 (2nd ed., 1986), Ch. 14 : An Explanation of the 1929 Depression

Books

“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 (1939) American economist

"The Bitter Fruits of Deregulation," http://www.counterpunch.org/roberts09242008.html CounterPunch (2008-09-24)

World, Learning, Dependency, Country

“No one has a natural right to the trade of a money lender, but he who has the money to lend. Let those then among us who have a moneyed capital and who prefer employing it in loans rather than otherwise, set up banks and give cash or national bills for the notes they discount. Perhaps, to encourage them, a larger interest than is legal in the other cases might be allowed them, on the condition of their lending for short periods only.”

Thomas Jefferson (1743–1826) 3rd President of the United States of America

ME 13:277
1810s, Letters to John Wayles Eppes (1813)

Money, Nature

“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. Take the World Social Forum, called "anti-globalization" in the propaganda system -- which happens to include the media, the educated classes, etc., with rare exceptions. The WSF is a paradigm example of globalization. It is a gathering of huge numbers of people from all over the world, from just about every corner of life one can think of, apart from the extremely narrow, highly privileged elites who meet at the competing World Economic Forum, and are called "pro-globalization" by the propaganda system. An observer watching this farce from Mars would collapse in hysterical laughter at the antics of the educated classes.”

Noam Chomsky (1928) american linguist, philosopher and activist

Interview by Sniježana Matejčić, June 2005 http://www.galerija-rigo.hr/05/chomsky_en_2.htm. <br class="br">Quotes 2000s, 2005

Life, People, World, Education

“…for destroying the harmony in the villages by interfering on behalf of the peasants and betraying the money lender.”

Bal Gangadhar Tilak (1856–1920) Indian independence activist

His Criticism and opposition to the Agriculturist Relief Act 1879 and the reformist movement launched by others. Bal Gangadhar Tilak: Popular Readings, Page=15.

Money

“Unfortunately, throughout the housing crisis we’ve seen innocent homeowners who have been victims of shady mortgage lenders and unscrupulous individuals who have used a down market to line their own pockets at the expense of others. This bill is designed to send a message by revising our laws to ensure criminals are brought to justice and that law enforcement has the tools to uncover these fraudulent schemes and go after the bad actors. Criminals should be put on notice that ripping off homeowners and taxpayers won’t be tolerated.”

Chuck Grassley (1933) American politician

Quoted in "Congress Targets Mortgage Fraud: Justice for Victims, Jail for the Guilty," http://tri-statedefenderonline.com/articlelive/articles/3561/1/Congress-Targets-Mortgage-Fraud-Justice-for-Victims-Jail-for-the-Guilty Tri-State Defender (2009-02-12)

Justice, Law, Housing

“Clearly, the power of the lender to command interest has nothing to do with the use to which the loan is put. Whether the borrower uses it to build a factory or acquire a dwelling house, whether he spends it on tools of his trade or gambling on horses, will make no difference… The coupling of interest with capital has been an unfortunate error prolific in its progeny of falsehoods. It arises from confusing the power to exact payment for loans with the use to which some of the loans are put… It gives to the idea of a loan a quality it should not possess, a suggestion of productiveness and of social benefit, obscuring the indebtedness and dependence which the loan so plainly advertises.”

Leon MacLaren (1910–1994) British philosopher

Leon MacLaren, Nature of Society and Other Essays, p169

Housing, Dependency, Making love, Horse