Don't Lend Money Quotes

A bank is a place that will lend you money if you can prove that you don't need it.

No, I don't want your money. The world moves less by money than by what you owe people and what they owe you. I don't like to owe anybody anything, so I keep to myself as much on the lending side as I can.

If you don't find a good teacher, find a good book.

We are lending money we don’t have to kids who can’t pay it back to train them for jobs that no longer exist.

That's always the way in this world. The chappies you'd like to lend money to won't let you, whereas the chappies you don't want to lend it to will do everything except actually stand you on your head and lift the specie out of your pockets.

I don’t understand why you don’t trust me. It’s not like you have a reason to not trust me. So, lend me some money, and let me give you the reason you were looking for to not trust me. Wouldn’t you rather be proved right than not lose money?

WHEN YOU LEND MONEY, DON’T EXPECT TO GET IT BACK.

Buying an apartment is completely out of the question, the bank said, because who’d lend money to someone without money? You only lend money to people who don’t really need to borrow money. So where are you to live, you might ask.

Here’s a little nugget I’ve learned in life about the secret to being a good friend: when words won’t suffice, lend an ear. When you can’t march into a courtroom or a conference room or a classroom and lay the smack down, lend your shoulder to cry on. When you don’t have money for expensive presents, offer your simple presence. And when you don’t know what else to do for someone, pray for him or her. It does matter. It is enough. It will be remembered for years to come.

A bank is a place that will lend you money if………………………………… you can prove you don’t need it.

That's always the way in this world. The chappies you'd like to lend money to won't let you, whereas the chappies you don't want to lend it to will do everything except actually stand you on your head and lift the specie out of your pockets. As a lad who has always rolled tolerably freely in the right stuff, I've had lots of experience of the second class. Many's the time, back in London, I've hurried along Piccadilly and felt the hot breath of the toucher on the back of my neck and heard his sharp excited yapping as he closed in on me. I've simply spent my life scattering largesse to blighters I didn't care a hang for; yet here was I now, dripping doubloons and pieces of eight and longing to hand them over, and. Bicky, poor fish, absolutely on his uppers, not taking any at any price.

Everyone knows that banks take in deposits and lend out money, but they don’t always realize that when banks lend, they actually create money. We call that money credit.

If you need it, don’t lend it. It’s in most people’s nature to want to help, but if you genuinely need the money back, and you can’t afford to lose it, it’ll be in your best interest to NOT set yourself up.

Every agent has a Sig Weiss—as a rosy dream. You sit there day after day paddling through oceans of slush, hoping one day to run across a manuscript that means something—sincerity, integrity, high word rates—things like that. You try to understand what editors want in spite of what they say they want, and then you try to tell it to writers who never listen unless they’re talking. You lend them money and psychoanalyze them and agree with them when they lie to themselves. When they write stories that don’t make it, it’s your fault. When they write stories that do make it, they did it by themselves. And when they hit the big time, they get themselves another agent. In the meantime, nobody likes you.

There is one hour in his life when we see a flash of utter physical action on Christ's part, an hour when this most curious of men must have experienced the sheer joyous exuberance of a young mammal in full flight: when he lets himself go and flings over the first money changer's table in the Temple at Jerusalem, coins flying, doves thrashing into the air, oxen bellowing, sheep yowling, the money changer going head-over-teakettle, all heads turning, what the...? You don't think Christ got a shot of utter childlike physical glee at that moment? Too late to stop now, his rage rushing to his head, his veiny carpenter's-son wiry arms and hard feet milling as he whizzes through the Temple overturning tables, smashing birdcages, probably popping a furious money-changer here and there with a quick left jab or a well-placed Divine Right Elbow to the money-lending teeth, whipping his scourge of cords against the billboard-size flank of an ox, men scrambling to get out of the way, to grab some of the flying coins, to get a punch in on this nutty rube causing all the ruckus... In all this holy rage and chaos, don't you think there was a little absolute boyish mindless physical jittery joy in the guy?

Didn't you get the money for the taxes? Don't tell me the wolf is still at the door of Tara." There was a different tone in his voice. She looked up to meet his dark eyes and caught an expression which startled and puzzled her at first, and then made her suddenly smile, a sweet and charming smile which was seldom on her face these days. What a perverse wretch he was, but how nice he could be at times! She knew now that the real reason for his call was not to tease her but to make sure she had gotten the money for which she had been so desperate. She knew now that he had hurried to her as soon as he was released, without the slightest appearance of hurry, to lend her the money if she still needed it. And yet he would torment and insult her and deny that such was his intent, should she accuse him. He was quite beyond all comprehension. Did he really care about her, more than he was willing to admit? Or did he have some other motive? Probably the latter, she thought. But who could tell? He did such strange things sometimes. "No," she said, "the wolf isn't at the door any longer. I--I got the money." "But not without a struggle, I'll warrant. Did you manage to restrain yourself until you got the wedding ring on your finger?" She tried not to smile at his accurate summing up of her conduct but she could not help dimpling.

I don’t want to play the heavy father, but there are three things especially that I want to warn you against: one is gambling, don’t gamble; the second is money, don’t lend anyone money; and the third is women, don’t have anything to do with women. If you don’t do any of those three things you can’t come to much harm, so remember them well.

Not give—lend! Isn’t that what your people do? You lend money to poor suckers and then charge a million percent interest? That’s all I’m asking for here. You lend me … let’s say, three hundred bucks now, and I’ll pay it back with interest.” “If you can afford to pay back a loan with interest, then why don’t you just lend Sebastian the money?

We don’t worry about who manages the bank or what they do with our money. Even if we hear on the news that our bank has started to lend large sums of money to piano-playing cats, which we think is a bad idea, we would not feel the need to show up at the bank the next morning to ask for all of our money back. If you had lent your money to an individual and they in turn lent your money to piano-playing cats, you would demand your money back immediately. But because you deposit your money into a bank account insured by the federal government, you feel no need to keep a watchful eye on what your bank does with the money. Insurance removes the incentive for customers to police a bank. It can also remove the incentive for banks to police themselves because they do not bear the full or even the most serious consequences of their actions. Removing the natural tendencies of the market to notice and punish bad choices creates a moral hazard that may result in well-funded cats and other undetected market risks.

You may well ask: when the bubble finally burst, why did we not let the bankers crash and burn? Why weren't they held accountable for their absurd debts? For two reasons. First because the payment system - the simple means of transferring money from one account to another and on which every transaction relies - is monopolised by the very same bankers who were making the bets. Imagine having gifted your arteries and veins to a gambler. The moment he loses big at the casino, he can blackmail you for anything you have simply by threatening to cut off your circulation. Second, because the financiers' gambles contained deep inside the title deeds to the houses of the majority. A full-scale financial market collapse could therefore lead to mass homelessness and a complete breakdown in the social contract. Don't be surprised that the high and mighty financiers of Wall Street would bother financialising the modest homes of poor people. Having borrowed as much as they could off banks and rich clients in order to place their crazy bets, they craved more since the more they bet, the more they made. So they created more debt from scratch to use as raw materials for more bets. How? By lending to impecunious blue collar worker who dreamed of the security of one day owning their own home. What if these little people could not actually afford their mortgage in the medium term? In contrast to bankers of old, the Jills and the Jacks who actually leant them the money did not care if the repayments were made because they never intended to collect. Instead, having granted the mortgage, they put it into their computerised grinder, chopped it up literally into tiny pieces of debt and repackaged them into one of their labyrinthine derivatives which they would then sell at a profit. By the time the poor homeowner had defaulted and their home was repossessed, the financier who granted the loan in the first place had long since moved on.

Perhaps the Hungarian humorist Ferencz Karinthy captures the spirit of the situation best in a tableau about a bored businessman who amuses himself by looking through high-powered binoculars from his office high in a skyscraper into neighbouring office rooms. On one occasion he spies a middle-aged executive chasing a comely secretary around his desk. As it happens the observers knows the building in which this drama is taking place and can even make out the name of the occupant from the plaque on his desk. He consults the telephone directory and gives the culprit, who is still trying to force his attentions on the secretary, a ring. When the culprit answers the telephone the observer announces himself as God Almighty and tells him to stop molesting the young woman in his employ. The culprit, thunderstruck and unable to account fo the observer's exact knowledge of what has been going on, fall son his knees in a paroxysm of fear and wonder and begs forgiveness. The observer roundly berates the culprit who swears he will do anything to make amends and promises never to sin again. Hereupon the observer informs the culprit that he can indeed make amends by lending him 100 pengo [dollars]. The answer, of course is a burst of profanity and the abrupt termination of the call. Karinthy then draws his moral: if you want to play God don't try to borrow money...

One of the issues that animated the Tea Party in South Carolina and nationally during my campaign for governor was bailouts. The debate started with the Troubled Asset Relief Program (TARP) passed by Congress in 2008 and signed by President Bush. The TARP bailout was a perfect example of government not understanding the value of a dollar. It was a quick fix to get everyone to calm down. But what did it actually do? The banks that received the money didn’t expand lending to businesses. They used the cash to help their own books, and the taxpayers were put on the hook as loan guarantors. No one—not the politicians who encouraged the recklessness, not the quasi-governmental entities like Fannie Mae that got rich off it, and certainly not the Wall Street firms that got bailed out—was ever held accountable. And the American people ended up worse off than they were before. As a small businessperson, I found the message government was sending incredibly offensive. In my version of capitalism, if a company succeeds, you don’t punish it by raising its taxes; and if a company fails, you don’t reward it by having the taxpayers bail it out. TARP opened the floodgates for a wave of unaccountable spending that flowed out of Washington. Soon afterward, President Obama bailed out the auto industry to rescue big labor. His allies in Congress passed the $787 billion stimulus bill, most of them without having read it. And he forced through a trillion-dollar health-care takeover. With each bailout, more and more of us felt we were getting further and further from what America was meant to be: a free and striving people with a limited and accountable government. Instead, Washington was revealing itself to be an inside game, with the rules fixed to benefit the establishment. The rules favor the well connected, while the rest of us in flyover country pay the bills.

joke around—nothing serious—as I work to get my leg back to where it was. Two weeks later, I’m in an ankle-to-hip leg brace and hobbling around on crutches. The brace can’t come off for another six weeks, so my parents lend me their townhouse in New York City and Lucien hires me an assistant to help me out around the house. Some guy named Trevor. He’s okay, but I don’t give him much to do. I want to regain my independence as fast as I can and get back out there for Planet X. Yuri, my editor, is griping that he needs me back and I’m more than happy to oblige. But I still need to recuperate, and I’m bored as hell cooped up in the townhouse. Some buddies of mine from PX stop by and we head out to a brunch place on Amsterdam Street my assistant sometimes orders from. Deacon, Logan, Polly, Jonesy and I take a table in Annabelle’s Bistro, and settle in for a good two hours, running our waitress ragged. She’s a cute little brunette doing her best to stay cheerful for us while we give her a hard time with endless coffee refills, loud laughter, swearing, and general obnoxiousness. Her nametag says Charlotte, and Deacon calls her “Sweet Charlotte” and ogles and teases her, sometimes inappropriately. She has pretty eyes, I muse, but otherwise pay her no mind. I have my leg up on a chair in the corner, leaning back, as if I haven’t a care in the world. And I don’t. I’m going to make a full recovery and pick up my life right where I left off. Finally, a manager with a severe hairdo and too much makeup, politely, yet pointedly, inquires if there’s anything else we need, and we take the hint. We gather our shit and Deacon picks up the tab. We file out, through the maze of tables, and I’m last, hobbling slowly on crutches. I’m halfway out when I realize I left my Yankees baseball cap on the table. I return to get it and find the waitress staring at the check with tears in her eyes. She snaps the black leather book shut when she sees me and hurriedly turns away. “Forget something?” she asks with false cheer and a shaky smile. “My hat,” I say. She’s short and I’m tall. I tower over her. “Did Deacon leave a shitty tip? He does that.” “Oh no, no, I mean…it’s fine,” she says, turning away to wipe her eyes. “I’m so sorry. I just…um, kind of a rough month. You know how it is.” She glances me up and down in my expensive jeans and designer shirt. “Or maybe you don’t.” The waitress realizes what she said, and another round of apologies bursts out of her as she begins stacking our dirty dishes. “Oh my god, I’m so sorry. Really. I have this bad habit…blurting. I don’t know why I said that. Anyway, um…” I laugh, and fish into my back pocket for my wallet. “Don’t worry about it. And take this. For your trouble.” I offer her forty dollars and her eyes widen. Up close, her eyes are even prettier—large and luminous, but sad too. A blush turns her skin scarlet “Oh, no, I couldn’t. No, please. It’s fine, really.” She bustles even faster now, not looking at me. I shrug and drop the twenties on the table. “I hope your month improves.” She stops and stares at the money, at war with herself. “Okay. Thank you,” she says finally, her voice cracking. She takes the money and stuffs it into her apron. I feel sorta bad, poor girl. “Have a nice day, Charlotte,” I say, and start to hobble away. She calls after me, “I hope your leg gets better soon.” That was big of her, considering what ginormous bastards we’d been to her all morning. Or maybe she’s just doing her job. I wave a hand to her without looking back, and leave Annabelle’s. Time heals me. I go back to work. To Planet X. To the world and all its thrills and beauty. I don’t go back to my parents’ townhouse; hell I’m hardly in NYC anymore. I don’t go back to Annabelle’s and I never see—or think about—that cute waitress with the sad eyes ever again. “Fucking hell,” I whisper as the machine reads the last line of

Say Bank A is holding $10 million in A-minus-rated IBM bonds. It goes to Bank B and makes a deal: we’ll pay you $50,000 a year for five years and in exchange, you agree to pay us $10 million if IBM defaults sometime in the next five years—which of course it won’t, since IBM never defaults. If Bank B agrees, Bank A can then go to the Basel regulators and say, “Hey, we’re insured if something goes wrong with our IBM holdings. So don’t count that as money we have at risk. Let us lend a higher percentage of our capital, now that we’re insured.” It’s a win-win. Bank B makes, basically, a free $250,000. Bank A, meanwhile, gets to lend out another few million more dollars, since its $10 million in IBM bonds is no longer counted as at-risk capital. That was the way it was supposed to work. But two developments helped turn the CDS from a semisensible way for banks to insure themselves against risk into an explosive tool for turbo leverage across the planet. One is that no regulations were created to make sure that at least one of the two parties in the CDS had some kind of stake in the underlying bond. The so-called naked default swap allowed Bank A to take out insurance with Bank B not only on its own IBM holdings, but on, say, the soon-to-be-worthless America Online stock Bank X has in its portfolio. This is sort of like allowing people to buy life insurance on total strangers with late-stage lung cancer—total insanity. The other factor was that there were no regulations that dictated that Bank B had to have any money at all before it offered to sell this CDS insurance.

A bank is a place that will lend you money if you can prove that you don't need it.

...don't borrow money from people, but if other people need it from you lend it to them, as long as it's inconsequential.

BIG FEET, BIGGER HEART If anyone is poor among your fellow Israelites in any of the towns of the land the Lord your God is giving you, do not be hardhearted or tightfisted toward them. Rather, be openhanded and freely lend them whatever they need. Deuteronomy 15:7–8 Former NBA star Dikembe Mutombo is seven feet two and has size 22 feet. “I’ve no control over that. The Almighty has plans for us to make a place so we can go on and make a difference,” he said. “It all has to do with my faith; I am deeply religious. It goes back to my roots, to my mom and my dad.” Some estimate that he earned more than $100 million while playing with the Denver Nuggets and the Philadelphia 76ers. He didn’t blow the dough on fast cars and bling. Instead, he put the money in the bank and decided to give back. (He must know that the fastest way to double your money is to fold it in half and put it back in your wallet.) He created the Dikembe Mutombo Foundation and built a hospital and research center in the Congo, named after his mom, Biamba. In 1999, his mother had a stroke, just a couple of hours after talking to her son on the phone. Because she couldn’t get to a hospital, she died in her living room. He couldn’t even attend her funeral because of that nation’s civil war. Mutombo donated millions of his own money to create the hospital in honor of his mother and her faith. “I come from a large family, but I was not raised with a fortune,” he said. “Something more was left me, and that was family values.” SWEET FREEDOM IN Action Today, don’t listen to liberals when they mock “family values” like they’re some relic of an ancient past. Rather, pass them on to your kids and watch what God does to change the world.

Money—money—money… I’ve learned that money can be a real awkward instrument. It changes relationships. When you don’t have any, you can be perceived one way—and when you have a lot of it, you can be perceived in another. It can be intimidating and defining. My mother always used to say: “Don’t ever borrow money and don’t ever lend it. It will only cause problems. If you want to gift it, that’s fine, but remember it’s a gift.

If you don’t own a home, buy one. If you own a home, buy another one. If you own two homes, buy a third. And, lend your relatives the money to buy a home

There is one thing,” Thorn said, holding up a finger. Hal looked at him curiously and he continued. “While I was finding out all about this strange ship, I happened to see this rather nice, rather expensive sheepskin vest in the market.” He held up a new sheepskin. Hal had to admit that it was excellent quality, and well made. “I decided I should let you buy it for me. It was ten kroner.” He held out his left hand, palm uppermost. Hal shook his head, perplexed. “I don’t have ten kroner,” he protested. “I only have two and some change. And that came from the money you gave me earlier.” He reached into the side pocket of his jerkin and produced the few coins he had left. Thorn pursed his lips thoughtfully. “I see. Well then, give me those.” Hal did so. “Now you owe me eight kroner.” Thorn delved into the small sack purse he kept on his belt and rummaged around, producing a handful of coins. “So I will lend you eight kroner. Here, take them.” Hal did so, mystified by all this high finance. He realized Thorn was clicking his fingers impatiently. “You want them back now?” he said. Thorn nodded. “You owe me for the vest. Hand them over.” Puzzled, Hal did so, dropping the coins into Thorn’s open palm. Thorn nodded in satisfaction and stowed them away in his purse. “Now we’re even,” he said. “Except you owe me ten kroner.” “I what?” Thorn held up his hook to stop further discussion. “Remember? I lent you eight kroner, and I also lent you the other two. Gorlog’s reeking breath, boy, it was only a few minutes ago! So you owe me the ten kroner that I lent you to buy the vest for me.” “But . . .” Hal looked at the others. Stig was similarly confused, he could see. Ulf and Wulf seemed to think it was all perfectly logical, which proved it was anything but. “Wouldn’t it have been simpler to just say I owe you ten kroner for the vest?” Thorn shook his head. “No. You’ve paid me for the vest. Remember? I just lent you the money to do it. Now you owe me the money I just lent you so you could pay me.” “But it would have been the same result!” Hal protested. Thorn smiled beatifically at him. “Maybe. But I just wanted to have you hand over some money.” Hal scratched his head, trying to fathom Thorn’s thinking. He decided that was an impossible task. “Is it all right by you if we leave now?” he said, giving in, and Thorn made a magnanimous gesture, sweeping his left hand toward the open sea. “By all means. Just don’t forget you owe me ten kroner.

You look beautiful,” Caleb said softly, laying his hands on the sides of her slender waist. Lily smiled at his reflection in the glass. “Don’t you try to flatter me, Caleb Halliday,” she warned. “I think you’re a brute with a despicable attitude toward women.” He cupped her breasts in his hands. “I love women,” he said, bending to nibble at the exposed flesh of her neck. “When they obey, of course.” “Of course,” Caleb replied. He was untying the ribbon of Lily’s hat, taking it from her head, setting it back in its box. “You needn’t think you’re going to take me to bed,” Lily said airily. “Not, that is, until you apologize to me and tell Rupert you won’t lend him the money to build a boarding school unless he allows girls to attend.” Caleb turned Lily to face him. “You’re free to disagree with my opinions any time you like, Mrs. Halliday, but you will not refuse me your bed. Is that understood?” Lily’s cheeks heated. “I don’t guess you give a damn about my opinions,” she said, “but you’ll come around soon enough.” “Sometimes I think you enjoy baiting me. It makes the pleasure more intense when I lay you down and take you, doesn’t it, Lily?” She raised her hand to slap him, then thought better of the idea. “You are reprehensible.” Caleb

You needn’t think you’re going to take me to bed,” Lily said airily. “Not, that is, until you apologize to me and tell Rupert you won’t lend him the money to build a boarding school unless he allows girls to attend.” Caleb turned Lily to face him. “You’re free to disagree with my opinions any time you like, Mrs. Halliday, but you will not refuse me your bed. Is that understood?” Lily’s cheeks heated. “I don’t guess you give a damn about my opinions,” she said, “but you’ll come around soon enough.” “Sometimes I think you enjoy baiting me. It makes the pleasure more intense when I lay you down and take you, doesn’t it, Lily?” She

August Murder creates a fast-paced thriller about terrorism, murder, politics, and one man who doesn't believe the report of events surrounding his son's death in Puerto Rico, and who assembles a posse of lawyers and investigators to uncover the truth. The focus on political investigations and a web of intrigue and conspiracy, combined with a heavy dose of Puerto Rican politics and cultural insights, lends to a creation which serves to both entertain and enlighten. It takes a talented hand to wind nonfiction facts into a fictional mystery, grapple with a myriad of characters which prove compelling and recognizable in their own rights through the story line, and maintain a flow of action and drama that easily holds reader attention. August Mystery succeeds in all these aspects, and is a compelling saga of conflicting evidence and motivations for murder, crafting an especially astute eye to capturing Puerto Rican daily lives and experiences: "Mr. Miller, policemen in Puerto Rico don’t make a lot of money. The average salary for a police officer is around $30,000, about the same as the average salary for a teacher. For that kind of money, they risk their lives in dangerous places. They have to deal with young delinquents in the projects who may make $30,000 in one week, and who are much better armed than any policeman. It’s amazing that more of them are not taking money to look the other way or do worse." T. Miranda's ability to enlighten readers about the underlying culture, social issues, and political pressures in Puerto Rico contributes to an outstanding thriller especially recommended for modern readers who would gain a sense of the island's processes and peoples. D. Donovan, Senior Editor, Midwest Book Review

Watch out for being “overly helpful.” Don’t allow yourself to get tricked into doing tasks, lending money, giving up personal information, and doing other things for someone you do not know very well. In fact, get comfortable with setting reasonable boundaries, even with people you have known a long time—you may not know their full story.

A bank is a place that will lend you money if you can prove that you don't need it. -Bob Hope

bankers love to lend money they haven’t got to their creditors so that the creditors can pay back what they don’t really owe,

We aren’t in the money-lending business,” Templeton said. “If I wanted to keep accounts for people I’d have got a job in a bank, and wouldn’t things have turned out differently. Don’t worry about it.

They Are Spending Too Much If all of a sudden you notice too many credit card bills and receipts in their pockets and yet you don’t receive any supposed gifts, then someone else is on the receiving end of them. When asked, they will always have an explanation over how they had to lend some money to a friend, how they had to pitch in the last minute for an office party for a guy’s farewell or how they had to pay a medical bill of some relative. He/He’s Doing Things They Hated Before Remember the time you asked them to go golfing with you and they flat out refused and joked about how it’s an old man’s sport? Look who is all polo shirts and hats now! If their interests have changed all of a sudden and they are doing stuff they hated, know something is up.

He/She Gets Angry When Questioned Where you were until now just riles him/her up like the Hulk. He/she hates being questioned about their whereabouts. Their stories won’t match, their tone and pitch will change paces and they will try to avoid talking about it altogether. He/She Stays Up Late A sudden shift in their bedtime routine indicates an affair. Cheating partners consider a partner’s sleeping time as the safest to text or message their new love interest. His/Her Stories Seem Inconsistent Sometimes they won’t say a word about where they were and sometimes they would give away too much. When asked if a friend was there with them too, they will not only confirm their presence but also tell you about all the other people who were there, including someone’s pets. Too much information is another sign that there is something fishy going on or else they won’t be this particular about it. There Is No Intimacy Not just physically, but you also find them emotionally distant from you. Even when they are with you, their mind doesn’t seem to be. They have also lost interest in sex and always make excuses like being tired, not in the mood, had chili beef in the office and feeling bloated, etc. They Never Put Their Phone Down If they seem to be stuck with their phone all the time and even taking it with them when taking the trash or going for a bath, it is a sure tell sign that there is something in that phone they don’t want you to know about. He/She Pays Attention to Himself/Herself It’s always appraisable that your spouse dresses up for you, but if they are suddenly worried about how they look naked or whether they should get a bikini wax or not, it’s probably an effort to look good for someone other than you. You Only Get One-Word Answers from Them You sense a barrier in your communications because they have resorted to a yes, no, or hmm at most. When partners lose interest in their spouses or are having an affair, they fear to communicate too much. They want to play it carefully and not say or do something that would get them caught. They Are Spending Too Much If all of a sudden you notice too many credit card bills and receipts in their pockets and yet you don’t receive any supposed gifts, then someone else is on the receiving end of them. When asked, they will always have an explanation over how they had to lend some money to a friend, how they had to pitch in the last minute for an office party for a guy’s farewell or how they had to pay a medical bill of some relative. He/He’s Doing Things They Hated Before Remember the time you asked them to go golfing with you and they flat out refused and joked about how it’s an old man’s sport? Look who is all polo shirts and hats now! If their interests have changed all of a sudden and they are doing stuff they hated, know something is up.

Smart Finance’s deep-learning algorithms don’t just look to the obvious metrics, like how much money is in your WeChat Wallet. Instead, it derives predictive power from data points that would seem irrelevant to a human loan officer. For instance, it considers the speed at which you typed in your date of birth, how much battery power is left on your phone, and thousands of other parameters. What does an applicant’s phone battery have to do with creditworthiness? This is the kind of question that can’t be answered in terms of simple cause and effect. But that’s not a sign of the limitations of AI. It’s a sign of the limitations of our own minds at recognizing correlations hidden within massive streams of data. By training its algorithms on millions of loans—many that got paid back and some that didn’t—Smart Finance has discovered thousands of weak features that are correlated to creditworthiness, even if those correlations can’t be explained in a simple way humans can understand. Those offbeat metrics constitute what Smart Finance founder Ke Jiao calls “a new standard of beauty” for lending, one to replace the crude metrics of income, zip code, and even credit

Many people imagine that banks lend borrowers the cash parked with them by savers and, since savers don’t need constant access to all their funds, banks can make loans equivalent to many times the money they have on deposit. In fact, whenever a bank makes a loan and credits the borrower’s account with the funds, it creates new money electronically with a couple of keyboard taps—or in previous decades by the stroke of a banker’s pen.