Words matter. These are the best Creditors Quotes from famous people such as Marcus Tullius Cicero, Evangelos Venizelos, Benjamin Franklin, Mark Kirk, John George Nicolay, and they’re great for sharing with your friends.
I never heard of an old man forgetting where he had buried his money! Old people remember what interests them: the dates fixed for their lawsuits, and the names of their debtors and creditors.
We only have a Plan A. The acceptance and full implementation of the existing plan, the so-called Plan A, is the best solution for Greece, for the euro zone and also for creditors and holders.
Creditors have better memories than debtors.
Every American born today owes $43,000 to the federal government the day she or he is born. And we are transferring a tremendous amount of debt to the new generation, much of it owed to overseas creditors who expect to be repaid by our children with interest.
It turned out in the long run that Lincoln’s credit and the popular confidence that supported it were as valuable both to his creditors and himself as if the sums which stood over his signature had been gold coin in a solvent bank.
No one will lend at a negative interest rate; potential creditors will simply choose to hold cash, which pays zero nominal interest.
When our family business separation was implemented, as the eldest member of the family, I had taken the entire burden of the debts. I believe, it was my mistake to have told myself that, ‘Subhash, you can earn and repay the creditors.’
Africa is poor because its investors and its creditors are unspeakably rich.
In a world awash in debt, power shifts to creditors.
We borrow 40 cents out of every dollar that we spend. We borrow most of it from countries like China. They have become major creditors of the United States and have more power over our economy than we want them to. So dealing with this is not only the right thing economically, it’s certainly right from a moral viewpoint.
We owe the government taxes. We owe our creditors interest. What do these powers owe us?
Following its recognition as a state in 1832, Greece spent most of the remainder of the 19th century under the control of creditors. The pattern started with a default in 1832. In consequence, Greece’s finances were put under French administration.
Some have been ensnared in the net of excessive debt. The net of interest holds them fast, requiring them to sell their time and energies to meet the demands of creditors. They surrender their freedom, becoming slaves to their own extravagance.
Greece will not manage to get back on its feet without restructuring its debt. There is no way around it. The country’s creditors will have to reduce a portion of its debts by extending maturity dates, lowering interest rates or giving them what’s called a ‘haircut’ in financial jargon.
The best companies with the strongest credit ratings borrow like the United States: on a non-prioritized basis. This means that in the event of a default, all of their debts are of equal priority because lenders and creditors believe default is highly unlikely. And they spend considerable effort maintaining this status.
We prefer an orderly resolution to the debt crisis and we’re moving in that direction. But the most important thing is that the deal we reach with creditors is sustainable.
Massive debts owed to foreign creditors weaken our global influence and threaten high inflation and steep tax increases for our children and grandchildren.
Imagine how much capital a country like Argentina might attract – if instead of defaulting seriatim and affecting a pose of anger toward creditors, it borrowed responsibly and honored its obligations.
What the banking system needs is creditors who monitor risk and cut their exposure when that risk is too high. Unlike regulators, creditors and counterparties know the details of a deal and have their own money on the line.
If you have a debt issue or credit card issue, start dealing with it. If you have a tax issue, don’t just say, ‘I’m not going to file.’ There are ways to deal with these things, but you must communicate with your creditors, whether it’s a credit card company or tax department.
Yes, it is long past time we get serious about tackling the nation’s ever-growing deficits. But the average American family drawn into serious debt cannot just threaten to stiff its creditors. It must cut its spending in the future, but also take responsibility for the debt incurred in the past.
Substantive and procedural law benefits and protects landlords over tenants, creditors over debtors, lenders over borrowers, and the poor are seldom among the favored parties.
