Bankruptcy Quotes - Page 6

• Even if the government spends itself into bankruptcy and the economy still does not recover, Keynesians can always say that it would have worked if only the government had spent more.

  Thomas Sowell

  Government, Doe, Conservative

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• Today's misery is real unemployment, home foreclosures and bankruptcies. This is the Obama Misery Index - and it's at a record high. It's going to take more than new rhetoric to put Americans back to work - it's going to take a new president.

  Mitt Romney

  Real, Home, President

  "It's All About the Jobs". Mitt Romney's speech at the Conservative Political Action Conference in Orlando, Florida, www.foxnews.com. February 11, 2011.

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• A Fed loan to Lehman Brothers would not have prevented a bankruptcy.

  Henry Paulson

  Brother, Loan, Feds

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• Even if you were to fall into extreme financial hardship and file for bankruptcy, you need to understand that your student loan debt will not be discharged in bankruptcy. It is the Velcro of all debts.

  Suze Orman

  Fall, Financial Hardship, Velcro

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• Climate change has a very high procrastination penalty that just grows with each passing year of inaction - rather like what happens if you don't pay off your credit card. But for climate, there is no such thing as a fresh start from bankruptcy.

  William H. Calvin

  Procrastination, Years, Climate

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• When I became CEO of Xerox 10 years ago, the company's situation was dire. Debt was mounting, the stock sinking and bankers were calling. People urged me to declare bankruptcy, but I felt personally responsible for tens of thousands of employees.

  Anne M. Mulcahy

  Years, People, Bankers

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• The No. 1 cause of bankruptcies is medical bills.

  Michael Moore

  Medical Bills, Causes, Bills

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• Liberal that I am, I support health-care reform on its merits alone. My liberal blood boils, for example, when I read that half of the personal bankruptcies in this country are brought on, in part, by medical expenses.

  Thomas Frank

  Country, Blood, Support

  "Health-Care Reform Could Kill the GOP" by Thomas Frank, www.huffingtonpost.com. January 3, 2009.

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• Respondents had been so overwhelmed by their in-box they'd declared "e-mail bankruptcy.

  Susan Maushart

  Mail, Overwhelmed, Boxes

  Susan Maushart (2011). “The Winter of Our Disconnect: How Three Totally Wired Teenagers (and a Mother Who Slept with Her iPhone)Pulled the Plug on Their Technology and Lived to Tell the Tale”, p.79, Penguin

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• The current health care takeover proposals feature a crucial payoff to Big Labor - a golden exemption from any tax on union members' generous health care benefits. The friends and patrons of Obama may be making out like bandits. But for everyone else, the Democrats' ideological bankruptcy comes at a nauseatingly steep price.

  Michelle Malkin

  Benefits, Care, Unions

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• I'm talking about France and Germany and Italy and Spain - new friend Germany - and I love that story, how they lead the world in some things that the world needs leadership in. Amongst them we're the only ones without national healthcare. Can't go to a hospital and not worry about falling into bankruptcy. They go to university free. We're killing our students with debt. That scares me.

  Tavis Smiley

  Fall, Talking, Worry

  Source: www.pbs.org

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• I was brought in by the White House as GM's chairman in 2009, around the time of the bankruptcy, and became CEO later that year. As a company, we were grateful for the government's support. But as GM's financial health began to improve, I could detect no real sense of urgency, or even interest, on the part of the government to relinquish control.

  Edward Whitacre, Jr.

  Real, Grateful, Government

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• the psychological attitudes which are indispensable in the American market place are disastrous to family life. Family life ... requires yieldingness, generosity, sympathy, altruism, tenderness-all the qualities, in fact, which lead straight to bankruptcy. ... the American family is tragically out of gear with the profit structure which has mushroomed up around it.

  Margaret Halsey

  Attitude, Generosity, Quality

  Margaret Halsey (1952). “The Folks at Home”

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• The real causes of terrorism are not poverty and oppression per se, but rather the bankruptcy of materialist ideologies, like Neo-Conservatism, which promise much but deliver little. The central doctrine of Neo-Conservatism is "democratic capitalism." This is the ultimate oxymoron, because in practice the political pluralism that should underlie democracy cannot exist in a climate of economic plutocracy.

  Robert Dickson Crane

  Real, Practice, Political

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• Half of all people who go bankrupt cite a medical problem as one of the things that drove them into bankruptcy.

  Amelia Warren Tyagi

  Medical Problems, People, Half

  Source: www.motherjones.com

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• I was an advocate of the deregulation movement and I made - along with a lot of other smart people - a fundamental mistake, which is that deregulation works fine in industries which do not pervade the economy. The financial industry undergirded the entire economy and if it is made riskier by deregulation and collapses in widespread bankruptcies as what happened in 2008, the entire economy freezes because it runs on credit.

  Richard Posner

  Running, Mistake, Smart

  "Reagan-Appointed Judge: Deregulation Movement Made ‘A Fundamental Mistake’". www.huffingtonpost.com. August 24, 2012.

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• Greece's debts are all denominated in euros, but it isn't clear who holds how much of those debts. For that reason, the consequences of a national bankruptcy would be incalculable. Greece is just as systemically important as a major bank.

  Wolfgang Schauble

  Important, Would Be, Debt

  Source: www.spiegel.de

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• By abstaining from all definite content, whether as formal logic and theory of science or as the legend of Being beyond all beings, philosophy declared its bankruptcy regarding concrete social goals.

  Theodor Adorno

  Philosophy, Goal, Legends

  Theodor W. Adorno (2012). “Critical Models: Interventions and Catchwords”, p.6, Columbia University Press

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• The middle years - the eighteen-seventies, 'eighties, 'nineties - were a time of moral bankruptcy when men stole millions by a stroke of the pen or by the simple expedient of printing tons of worthless paper.

  Frank Yerby

  Simple, Men, Years

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• I was so glad I did Beauty and the Beast. I always wanted to act, and if the bankruptcy thing hadn't happened, I wouldn't have started acting.

  Toni Braxton

  Acting, Beast, Wanted

  "Biography/ Personal Quotes". www.imdb.com.

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• That abominable and sensual act called reading the newspaper, thanks to which all the misfortunes and cataclysms in the universe over the last twenty-four hours, the battles which cost the lives of fifty-thousand men, the murders, the strikes, the bankruptcies, the fires, the poisonings, the suicides, the divorces, the cruel emotions of statesmen and actors, are transformed for us, who don't even care, into a morning treat, blending in wonderfully, in a particularly exciting and tonic way, with the recommended ingestion of a few sips of cafe au lait.

  Marcel Proust

  Suicide, Morning, Reading

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• For the personality, bankruptcy or failure may be a disaster. For the soul, it may be grist for its strangely joyful mill, and a condition it has been secretly engineering for years.

  David Whyte

  Engineering, Years, Personality

  David Whyte (2007). “The Heart Aroused: Poetry and the Preservation of the Soul in Corporate America”, p.17, Crown Business

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• This new England we have invented for ourselves is not interested at all in education. It is only interested in training, both material and spiritual. Education means freedom, it means ideas, it means truth. Training is what you do to a pear tree when you pleach it and prune it to grow against a wall. Training is what you give an airline pilot or a computer operator or a barrister or a radio producer. Education is what you give children to enable them to be free from the prejudices and moral bankruptcies of their elders.

  Stephen Fry

  Spiritual, Wall, Children

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• A bankruptcy judge can fix your balance sheet, but he cannot fix your company.

  Gordon Bethune

  Judging, Balance, Sheets

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• We have been in recess since July, and during that time there has been a fuel crisis, a Danish no vote, the collapse of the euro and a war in the middle east, but what is our business tomorrow? The Insolvency Bill [Lords]. It ought to be called the Bankruptcy Bill [Commons], because we play no role.

  Tony Benn

  War, July, Play

  Tony Benn's Speech in House of Commons, hansard.millbanksystems.com. October 23, 2000.

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