Lending Quotes - Page 3

• Should people be mere "interested spectators of action," not "participants," restricted to lending their weight periodically to one or another sector of the "responsible men," as advocates of "manufacture of consent" have recommended? Or should their rights transcend these highly restricted bounds?

  Noam Chomsky

  Men, Rights, People

  Source: www.publicanthropology.org

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• But 300 million Americans, their lending institutions, their government, their media, all believed that house prices were going to go up consistently. And that got billed into a $20 trillion residential home market. Lending was done based on it, and everybody did a lot of foolish things.

  Warren Buffett

  Home, Government, Media

  "Warren Buffett: I Haven't Seen As Much Economic Fear In My Adult Lifetime". "Charlie Rose", www.cnbc.com. October 1, 2008.

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• More people are working, lending is up and savings are up. These are all positive signs for a strengthening economy.

  Jamie Dimon

  People, Saving, Economy

  Source: asia.nikkei.com

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• Most banks - with Deutsche Bank at the top of the spectrum here - have decided that they can't make money lending to barrowers anymore, so they're going to the second business plan: They lend money to casino capitalists. That is, to people who want to gamble on derivatives.

  Michael Hudson

  People, Want, Casinos

  Source: www.counterpunch.org

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• African Americans, in particular, saw their cumulative wealth crash. They used to have 10 cents on the dollar of the average white family. That 10 cents on the dollar that the African American family used to have crashed down to 5 cents on the dollar, given the focus of predatory lending on the African American community and the degree to which they were really devastated by the foreclosure crisis. So yeah, I think there is a lot of disappointment out there.

  Jill Stein

  Disappointment, Thinking, Average

  Source: www.justicenewsnetwork.com

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• Let's look at lending, where they're using big data for the credit side. And it's just credit data enhanced, by the way, which we do, too. It's nothing mystical. But they're very good at reducing the pain points. They can underwrite it quicker using - I'm just going to call it big data, for lack of a better term: "Why does it take two weeks? Why can't you do it in 15 minutes?"

  Jamie Dimon

  Pain, Data, Two

  "Jamie Dimon on Finance: 'Who Owns the Future?'". Interview with John Micklethwait, www.bloomberg.com. March 1, 2016.

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

  Alan Greenspan

  Technology, Practice, Information

  "Remarks by Chairman Alan Greenspan". www.federalreserve.gov. October 19, 2004.

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• Wisdom consists in rising superior both to madness and to common sense, and is lending oneself to the universal illusion without becoming its dupe.

  Henri Frederic Amiel

  Wisdom, Common Sense, Rising

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• What went wrong is we had tremendous concentration in the sense we put a lot of our money to work against U.S. real estate. We got here by lending money, and putting money to work in the U.S. real estate market, in a size that was probably larger than what we ought to have done on a diversification basis.

  Vikram Pandit

  Real, Risk, Done

  "Charlie Rose" with Charlie Rose, charlierose.com. November 25, 2008.

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• I look at subprime lending and I see the American dream in action.

  Phil Gramm

  Dream, Looks, Action

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• When excesses such as lax lending standards become widespread and persist for some time, people are lulled into a false sense of security, creating an even more dangerous situation. In some cases, excesses migrate beyond regional or national borders, raising the ante for investors and governments. These excesses will eventually end, triggering a crisis at least in proportion to the degree of the excesses. Correlations between asset classes may be surprisingly high when leverage rapidly unwinds.

  Seth Klarman

  Creating, Dangerous Situations, Government

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• I almost lost my best friend to anorexia. I am lending my voice as an entertainer, a mom, and a friend because I want to bring great awareness to this cause.

  Sara Evans

  Mom, Voice, Anorexia

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• When money is free, the rational lender will keep on lending until there is no one else to lend to.

  George Soros

  Investing, Rational, Lenders

  George Soros (2008). “The New Paradigm for Financial Markets: The Credit Crisis of 2008 and What It Means”, p.15, PublicAffairs

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• Growth at an exceptional rate is a red flag in banking. It is hard enough to manage an ordinary bank; to control a sprouting weed is well-nigh impossible. If loans are expanding too quickly, the lending officers have probably been saying 'yes' too frequently.

  James Grant

  Weed, Red Flags, Growth

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• It is an axiom nowadays that no bank fails for lack of capital; unprofitable lending is always the underlying cause.

  James Grant

  Banking, Causes, Failing

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• Europe's financial system is fragmented, although the gap in funding costs for banks within the euro area is no longer as wide as it was two years ago. But in lending the differences are still very large, and in some countries the credit flow is disrupted.

  Mario Draghi

  Country, Differences, Years

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• The impact of QE on generating more lending by Wall Street to Main Street and in generating more employment and increasing overall investment in the economy is quite modest. QE probably limited the initial collapse of the economy in 2008, and likely had a very small positive impact on economic growth, but its broader impact on jobs and growth in the economy seems not very big.

  Gerald Epstein

  Jobs, Wall, Impact

  Source: www.truth-out.org

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• While it may not heighten our sympathy, wit widens our horizons by its flashes, revealing remote hidden affiliations and drawing laughter from far afield; humor, in contrast, strikes up fellow feeling, and though it does not leap so much across time and space, enriches our insight into the universal in familiar things, lending it a local habitation and a name.

  Marie Taylor Collins Swabey

  Funny, Sympathy, Laughter

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• Seneca devoted much of his time to writing essays in praise of poverty, and in lending money at usurious rates.

  Josh Billings

  Writing, Poverty, Wealth

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• Home ownership was the fig leaf for the rise in subprime lending. But that was really about cash-out refinancings, not buying homes.

  Bethany McLean

  Home, Cash, Buying

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• I grew up in a house full of books, and we belonged to the Country Lending Service - each month the State Library would send us a parcel of books by train.

  Garry Disher

  Country, Book, House

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• Initially, QE contributed to a pretty significant increase in inequality. It raised asset prices, which are owned primarily by the wealthy, while having relatively small if any positive impacts on bank lending, employment, wages or economic growth, so ordinary people haven't had much help. By the third round of QE in 2012-2014, the effects had likely muted quite a bit. There were probably not big impacts on asset prices from QE and the positive effects on employment growth might have strengthened somewhat.

  Gerald Epstein

  Impact, People, Growth

  Source: www.truth-out.org

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• Talk what you will of the Jews,--that they are cursed: they thrive wherever they come; they are able to oblige the prince of their country by lending him money; none of them beg; they keep together; and as for their being hated, why, Christians hate one another as much.

  John Selden

  Christian, Country, Hate

  John Selden (1786). “Table Talk: Being the Discourses”, p.65

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• In the first place, it is obvious that not only is wealth concentrated in our times but an immense power and despotic economic dictatorship is consolidated in the hands of a few, who often are not owners but only the trustees and managing directors of invested funds which they administer according to their own arbitrary will and pleasure. This dictatorship is being most forcibly exercised by those who, since they hold the money and completely control it, control credit also and rule the lending of money.

  Pope Pius XI

  Hands, Credit, Politics

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• At no time, at no place in solemn convention assembled, through no chosen agents, had the American people officially proclaimed the United States to be a democracy. The Constitution did not contain the word or any word lending countenance to it.

  Charles A. Beard

  People, Democracy, United States

  America in Midpassage vol. 2 (1939). Coauthored with Mary R. Beard.

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