Never Lend Money Quotes

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He had a principle: if you lend money and never see the person again, that's money well spent.
Isabel Allende (City of the Beasts (Eagle and Jaguar, #1))
This Power Elite directly employs several millions of the country´s working force in its factories, offices and stores, controls many millions more by lending them the money to buy its products, and, through its ownership of the media of mass communication, influences the thoughts, the feelings and the actions of virtually everybody. To parody the words of W. Churchill, never have so many been manipulated so much by few.
Aldous Huxley (Brave New World Revisited)
Complicated financial stuff was being dreamed up for the sole purpose of lending money to people who could never repay it.
Michael Lewis (The Big Short: Inside the Doomsday Machine)
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.
Mandy Hale (I've Never Been to Vegas, but My Luggage Has: Mishaps and Miracles on the Road to Happily Ever After)
Never in my life did I lend the unfortunate Dmitri Fyodorovich Karamazov (for he is unfortunate now, in any case) the sum of three thousand roubles today, or any other money, never, never! I swear to it by all that is holy in our world." Khokhlakov
Fyodor Dostoevsky (The Brothers Karamazov)
You haven't any right to expect your friends to be larger than yourself, larger than life. Just take them as they are, cut down to average size, and be glad you have them. To drink with, laugh with, borrow money from, lend money to, stay away from their special girls as you want them to stay away from yours, and above all, never break your word to, once it's been given. And that is all the obligation you have, all you have the right to expect. ("New York Blues")
Cornell Woolrich (Night and Fear: A Centenary Collection of Stories by Cornell Woolrich (Otto Penzler Book))
He had a principle: if you lend money and never see the person again, that’s money well spent. Morgana aroused mixed feelings of fascination
Isabel Allende (City of the Beasts)
He had a principle: if you lend money and never see the person again, that’s money well spent.
Isabel Allende (City of the Beasts)
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.
Edward E. Baptist (The Half Has Never Been Told: Slavery and the Making of American Capitalism)
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.
Theodore Sturgeon (The Complete Stories of Theodore Sturgeon, Volume VI: Baby Is Three)
And also, the watch heard them talk of one Deformed: they say he wears a key in his ear and a lock hanging by it, and borrows money in God’s name, the which he hath used so long and never paid, that now men grow hard-hearted, and will lend nothing for God’s sake.
William Shakespeare (Much Ado About Nothing)
To be loved by a pure young girl, to be the first to reveal to her the strange mystery of love, is indeed a great happiness, but it is the simplest thing in the world. To take captive a heart which has had no experience of attack, is to enter an unfortified and ungarrisoned city. Education, family feeling, the sense of duty, the family, are strong sentinels, but there are no sentinels so vigilant as not to be deceived by a girl of sixteen to whom nature, by the voice of the man she loves, gives the first counsels of love, all the more ardent because they seem so pure. The more a girl believes in goodness, the more easily will she give way, if not to her lover, at least to love, for being without mistrust she is without force, and to win her love is a triumph that can be gained by any young man of five-and-twenty. See how young girls are watched and guarded! The walls of convents are not high enough, mothers have no locks strong enough, religion has no duties constant enough, to shut these charming birds in their cages, cages not even strewn with flowers. Then how surely must they desire the world which is hidden from them, how surely must they find it tempting, how surely must they listen to the first voice which comes to tell its secrets through their bars, and bless the hand which is the first to raise a corner of the mysterious veil! But to be really loved by a courtesan: that is a victory of infinitely greater difficulty. With them the body has worn out the soul, the senses have burned up the heart, dissipation has blunted the feelings. They have long known the words that we say to them, the means we use; they have sold the love that they inspire. They love by profession, and not by instinct. They are guarded better by their calculations than a virgin by her mother and her convent; and they have invented the word caprice for that unbartered love which they allow themselves from time to time, for a rest, for an excuse, for a consolation, like usurers, who cheat a thousand, and think they have bought their own redemption by once lending a sovereign to a poor devil who is dying of hunger without asking for interest or a receipt. Then, when God allows love to a courtesan, that love, which at first seems like a pardon, becomes for her almost without penitence. When a creature who has all her past to reproach herself with is taken all at once by a profound, sincere, irresistible love, of which she had never felt herself capable; when she has confessed her love, how absolutely the man whom she loves dominates her! How strong he feels with his cruel right to say: You do no more for love than you have done for money. They know not what proof to give. A child, says the fable, having often amused himself by crying "Help! a wolf!" in order to disturb the labourers in the field, was one day devoured by a Wolf, because those whom he had so often deceived no longer believed in his cries for help. It is the same with these unhappy women when they love seriously. They have lied so often that no one will believe them, and in the midst of their remorse they are devoured by their love.
Alexandre Dumas (La dame aux camélias)
Forcing new loans upon the bankrupt on condition that they shrink their income is nothing short of cruel and unusual punishment. Greece was never bailed out. With their ‘rescue’ loan and their troika of bailiffs enthusiastically slashing incomes, the EU and IMF effectively condemned Greece to a modern version of the Dickensian debtors’ prison and then threw away the key. Debtors’ prisons were ultimately abandoned because, despite their cruelty, they neither deterred the accumulation of new bad debts nor helped creditors get their money back. For capitalism to advance in the nineteenth century, the absurd notion that all debts are sacred had to be ditched and replaced with the notion of limited liability. After all, if all debts are guaranteed, why should lenders lend responsibly? And why should some debts carry a higher interest rate than other debts, reflecting the higher risk of going bad? Bankruptcy and debt write-downs became for capitalism what hell had always been for Christian dogma – unpleasant yet essential – but curiously bankruptcy-denial was revived in the twenty-first century to deal with the Greek state’s insolvency. Why? Did the EU and the IMF not realize what they were doing? They knew exactly what they were doing. Despite their meticulous propaganda, in which they insisted that they were trying to save Greece, to grant the Greek people a second chance, to help reform Greece’s chronically crooked state and so on, the world’s most powerful institutions and governments were under no illusions. […] Banks restructure the debt of stressed corporations every day, not out of philanthropy but out of enlightened self-interest. But the problem was that, now that we had accepted the EU–IMF bailout, we were no longer dealing with banks but with politicians who had lied to their parliaments to convince them to relieve the banks of Greece’s debt and take it on themselves. A debt restructuring would require them to go back to their parliaments and confess their earlier sin, something they would never do voluntarily, fearful of the repercussions. The only alternative was to continue the pretence by giving the Greek government another wad of money with which to pretend to meet its debt repayments to the EU and the IMF: a second bailout.
Yanis Varoufakis (Adults in the Room: My Battle with Europe's Deep Establishment)
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.
Yanis Varoufakis (Technofeudalism: What Killed Capitalism)
The godfather’s name is Saul Alinsky. His most famous students are Barack Obama and Hillary Clinton. Hardly anyone recognizes this, but Alinsky and the Alinsky method is the hidden force behind the 2008 economic meltdown. The meltdown was the worst economic crisis since the Great Depression; it was the main cause of median wealth in the United States in the subsequent three years declining nearly 40 percent. While the meltdown is routinely attributed to Wall Street “greed,” its real cause was government and activist pressure on banks and banking agencies—like Fannie Mae and Freddie Mac—to change their lending and loan guarantee practices. Yes, the 2008 crash was actually the result of an Alinskyite scam—actually a series of Alinskyite scams, carried out over many years. Basically the Alinskyites were trying to steal money from the banks and, in the process, force the banks to make loans to people that they had no intention of making loans to. The banks acquiesced, and eventually the whole scheme came crashing down. It was toppled not by greed but by the sober reality that when you loan money to millions of people who cannot afford to pay, those people are very likely to default on those loans. That’s how Alinskyites almost destroyed the U.S. economy a few years ago. If Alinsky had never lived, none of this would have happened.
Dinesh D'Souza (Stealing America: What My Experience with Criminal Gangs Taught Me about Obama, Hillary, and the Democratic Party)
I have a loan of three yen from Kiyo, which I have not yet returned, although five years have passed. Do not think I cannot pay it back, but I will not, for the noble Kiyo will never dream of being paid back; she never lends me money in prospect of my greater income. On my part too, it would be a sin to think of returning it, as it would indicate that the tie binding us is based on duty and not upon affection. The more I think of such a thing, the greater pain would it give Kiyo, for it might mean that I doubted the purity of her mind. It is true the debt has not been paid back, but it is not because I considered it nothing, but because I think her a part of my own flesh and blood.
Natsume Sōseki (Botchan)
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...
George Bailey (Galileo's Children: Science, Sakharov, and the Power of the State)
Since governments have the ability to both make and borrow money, why couldn’t the central bank lend money at an interest rate of about 0 percent to the central government to distribute as it likes to support the economy? Couldn’t it also lend to others at low rates and allow those debtors to never pay it back? Normally debtors have to pay back the original amount borrowed (principal) plus interest in installments over a period of time. But the central bank has the power to set the interest rate at 0 percent and keep rolling over the debt so that the debtor never has to pay it back. That would be the equivalent of giving the debtors the money, but it wouldn’t look that way because the debt would still be accounted for as an asset that the central bank owns, so the central bank could still say it is performing its normal lending functions. This is the exact thing that happened in the wake of the economic crisis caused by the COVID-19 pandemic. Many versions of this have happened many times in history. Who pays? It is bad for those outside the central bank who still hold the debts as assets—cash and bonds—who won’t get returns that would preserve their purchasing power. The biggest problem that we now collectively face is that for many people, companies, nonprofit organizations, and governments, their incomes are low in relation to their expenses, and their debts and other liabilities (such as those for pensions, healthcare, and insurance) are very large relative to the value of their assets.
Ray Dalio (Principles for Dealing with the Changing World Order: Why Nations Succeed and Fail)
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.
Matt Taibbi (Griftopia: Bubble Machines, Vampire Squids, and the Long Con That Is Breaking America)
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
Emma Scott (Endless Possibility (Rush, #1.5))
A psalm of David: (1) ADONAI, who can rest in your tent? Who can live on your holy mountain? 2 Those who live a blameless life, who behave uprightly, who speak truth from their hearts 3 and keep their tongues from slander; who never do harm to others or seek to discredit neighbors; 4 who look with scorn on the vile, but honor those who fear ADONAI, who hold to an oath, no matter the cost; 5 who refuse usury when they lend money and refuse a bribe to damage the innocent. Those who do these things never will be moved.
David H. Stern (Complete Jewish Bible: An English Version of the Tanakh (Old Testament) and B’rit Hadashah (New Testament))
25:25,35,39. when your brother will be low. Meaning: when your fellow Israelite will be so poor that he has difficulty holding onto his land. It has long been noted that the three times that this phrase occurs in this chapter reflect three stages of increasing hardship. In the first, the person has to sell his land. In the second, he has both lost his land and is without money. And in the third, he himself is sold (or sells himself) into servitude. And at each stage, the man's fellow Israelite is commanded to help him. If he has to sell his land, one must redeem it for him and then give it back to him in the jubilee year. If he is without money, one must lend him money without any charge or interest. And if he is sold, one must not treat him as a slave. Here the units of laws convey the specific requirements while the arrangement conveys the basic principle, namely, that as one's brother's need increases, so does one's responsibility to help him. Further, one must thus help one's fellow as a matter of law. This chapter never speaks of charity, nor does it appeal to one's feelings of compassion or generosity. An unfortunate Israelite need not feel degraded to be poor nor ashamed to be pitied. Economic suffering is rather treated as a reality of life, which one is required by law to remedy. The poor man thus can know that his brother is helping him because the system requires brothers to help one another and that, if the shoe were on the other foot, he would do the same for his brother. This is not to say that the text denies or discourages feelings of compassion, but only that the fulfillment of the law is not made dependent upon the presence or absence of such feelings.
Richard Elliott Friedman (Commentary on the Torah)
Psalm 15 A psalm of David. 1LORD, who may dwell in your sacred tent? Who may live on your holy mountain? 2The one whose walk is blameless, who does what is righteous, who speaks the truth from their heart; 3whose tongue utters no slander, who does no wrong to a neighbor, and casts no slur on others; 4who despises a vile person but honors those who fear the LORD; who keeps an oath even when it hurts, and does not change their mind; 5who lends money to the poor without interest; who does not accept a bribe against the innocent. Whoever does these things will never be shaken.
Anonymous (NIV, Once-A-Day: Bible for Women)
Banks lend only the principal. However, loans must be repaid plus interest—and with long-term loans like mortgages, the total interest payments far exceed the principal itself. Unless the overall money supply keeps growing, there will never be enough money to pay back all the loans plus interest.
Daniel Suarez (Delta-V (Delta-v, #1))
We were in the ludicrous situation where Klein would be lending us money that we could never afford to repay because he hadn’t paid the tax and anyway we’d spent the money. The tax rate in the early ’70s on the highest earners was 83 percent, and that went up to 98 percent for investments and so-called unearned income. So that’s the same as being told to leave the country. And I take my hat off to Rupert for figuring a way out of massive debt for us. It was Rupert’s advice that we become nonresident —the only way we could ever get back on our feet financially.
Keith Richards (Life)
Never lend your car to anyone to whom you have given birth.” --Erma Bombeck The
Richard Rowe (Autos 101: Basic Car Repairs to Save You Money)
If you lend someone $20, and never see that person again; it was probably worth it
Anonymous
If you lend someone $20, and never see that person again; it was probably worth it.” Anonymous
Denise Duffield-Thomas (Get Rich, Lucky Bitch: Release Your Money Blocks and Live a First Class Life)
Never ask anyone for money instead ask for an opportunity. borrow nor lend money from anyone definitely not to your close business partners.
Mohamadi Tapsoba
Never lend your name, or your money, or your books or your umbrella, or anything, to anybody - if you're wise.
Ronald Firbank (3 More Novels: Vainglory, Inclinations, Caprice)
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.
Rachael Chapman (Healthy Relationships: Overcome Anxiety, Couple Conflicts, Insecurity and Depression without therapy. Stop Jealousy and Negative Thinking. Learn how to have a Happy Relationship with anyone.)
An indication that greed reflects the perception rather than the reality of scarcity is that rich people tend to be less generous than poor people. In my experience, poor people quite often lend or give each other small sums that, proportionally speaking, would be the equivalent of half a rich person's net worth. Extensive research backs up this observation. A large 2002 survey by Independent Sector, a nonprofit research organization, found that Americans making less than $25,000 gave 4.2 percent of their income to charity, as opposed to 2.7 percent for people making over $100,000. More recently, Paul Piff, a social psychologist at University of California-Berkeley, found that "lower-income people were more generous, charitable, trusting and helpful to others than were those with more wealth." Piff found that when research subjects were given money to anonymously distribute between themselves and a partner (who would never know their identity), their generosity correlated inversely to the socioeconomic status. While it is tempting to conclude from this that greedy people become wealthy, an equally plausible interpretation is that wealth makes people greedy. Why would this be? In a context of abundance greed is silly; only in a context of scarcity is it rational. The wealthy perceive scarcity where there is none. They also worry more than anybody else about money. Could it be that money itself causes the perception of scarcity? Could it be that money, nearly synonymous with security, ironically brings the opposite? The answer to both these questions is yes. On the individual level, rich people have a lot more "invested" in their money and are less able to let go of it. (To let go easily reflects an attitude of abundance.) On the systemic level, as we shall see, scarcity is also built in to money, a direct result of the way it is created and circulated.
Charles Eisenstein (Sacred Economics: Money, Gift, and Society in the Age of Transition)
Oh, my family member needs money. Let me lend it to them. He’ll pay me back. Oh, I’ve never heard from my family member again, and now they tell anyone that’ll listen that I’m a piece of stuff because they owe me money.
Richard Heart (sciVive)
At the very least, a mortgage had to be pooled with other mortgages of other homeowners. Traders and investors would trust statistics and buy into a pool of several thousand mortgage loans made by a Savings and Loan, of which, by the laws of probability, only a small fraction should default. Pieces of paper could be issued that entitled the bearer to a pro-rata share of the cash flows from the pool, a guaranteed slice of a fixed pie. There could be millions of pools, each of which held mortgages with particular characteristics, each pool in itself homogeneous. It would hold, for example, home mortgages of less than one hundred and ten thousand dollars paying an interest rate of 12 per cent. The holder of the piece of paper from the pool would earn 12 per cent a year on his money plus his share of the repayments of principal from the homeowners. Thus standardised, the pieces of paper could be sold to an American pension fund, to a Tokyo trust company, to a Swiss bank, to a tax-evading Greek shipping tycoon living in a yacht in the harbour of Monte Carlo, to anyone with money to invest. Thus standardised, the pieces of paper could be traded. All the trader would see was the bond. All the trader wanted to see was the bond. A bond he could whip and drive. A line which would never be crossed could be drawn down the centre of the market. On one side would be the homeowner, on the other, investors and traders. The two groups would never meet; this is curious in view of how personal it seems to lend a fellow man the money to buy his home. The homeowner would only see his local Savings and Loan manager from whom the money came, and to whom it was, over time, returned. Investors and traders would see paper. Bob
Michael Lewis (Liar's Poker)
At first glance it appeared little different from all the others. A quick in-and-out job with seventy-nine pounds in cash being taken. The thieves always took cash – it was instantly negotiable, it couldn’t be traced and it made the task of the police almost impossible. Frost sniffed. He knew Lil Carey. She was an unregistered money lender, lending out small sums of money, usually to housewives, at exorbitant interest rates. She’d never miss seventy-nine pounds. He wished the thieves had got away with more. But then he realized the ‘£’ had been scratched through by the reporting officer and the word ‘sovereigns’ added. Seventy-nine sovereigns! Frost wasn’t sure of the current rate for sovereigns, but that quantity must surely be worth much more than four thousand pounds for the gold content alone; even more if they were Victorian and in mint condition. He stuffed the report in his pocket. They would call on old mother Carey this morning without fail. The door was kicked open and Webster entered with the two cups of tea, his expression making it quite clear how much he relished being asked to perform these menial tasks. ‘Thanks, son,’ muttered Frost, who had learned that it was best to ignore the constable’s repertoire of frowns, scowls, and grimaces. He disturbed the mud of sugar with his ballpoint pen and took a sip. ‘Tastes like cat’s pee.’ He swivelled in his chair. ‘Something important we had to do this morning. For the life of me I can’t remember what it was.’ ‘The dead man in the toilets. You had to break the news.’ ‘That was it!’ exclaimed Frost. ‘Mr Dawson phoned,’ Webster told him. ‘Dawson?’ Frost screwed up his face. ‘Who’s he?’ ‘The father of the missing schoolgirl. He wanted to know if there was
R.D. Wingfield (A Touch Of Frost (Inspector Frost, #2))
No such luck. Long-term rates mirrored the short-term rise. And the short rates soon reached our so-called upper limit. After some discussion, we didn’t intervene. Neither did we when subsequent upper limits, set in each meeting, were breached. The rate on three-month Treasury bills eventually exceeded 17 percent, the commercial bank prime lending rate peaked at 21.5 percent, and, most sensitively, mortgage rates surpassed 18 percent. Those rates had never been seen before in our financial history.
Paul A. Volcker (Keeping At It: The Quest for Sound Money and Good Government)
Nicholas Ingram, now there’s a name I haven’t heard in a while,’ he said, after I had made my first prompting. ‘A nasty piece of work. I had some trade with the Earl of Leicester’s estate a couple of years ago. Ingram was in his service then. He was a fixer for Leicester – knows his way in and out of the law – but I also heard that he had a reputation for being a loan shark. The type who lends money with nasty sub-clauses. When the unsuspecting dupe comes to pay the money back, Ingram is nowhere to be found so the poor buggers end up forfeiting the deal and having to pay back three times as much. That’s one way these people operate anyway – there are lots of other scams on the go. Never borrow money if you can help it, Lovat my lad, it’ll come back to haunt you.’ Bennett was barely a month older than me, but he always managed to make me feel like his baby brother.
Jonathan Digby (A Murderous Affair)
tweet on 136. The other day a client said, “I like being able to chatter on like this or stay silent just so as I want. It takes years to build up a friendship that allows you to do that and it costs money along the way, but with rental person, I can behave like that right from the start. It's a real luxury! I had never realized before that rental person could have a cost cutting effect. 138 - 140/ It would be misleading to say we pay for friendship, but friends certainly cost money. If I went out eating and drinking with someone and they always paid, then it wouldn't feel like friendship. I don't really know how to define, “friend” or “friendship”, and I suppose different people would define them in different ways. But it seems to me at being with friends often involves getting out your wallet. You may go to a restaurant with friends, for example, and when you do you share the bill so that you have a balance relationship. You don't want there to be debts on either side. If you play a computer game at someone else's house, then it may not seem as if it's costing you anything, but if you live some distance away, then you have to pay for the train or bus to get there. And if you have snacks or drinks, then you probably share the cost. But just going to someone's house once to play a game doesn't guarantee a real friendship. You'll have to keep meeting up and every time there'll be a cost involved. I think I'm sounding stingy; the point is simply that building and maintaining friendships involves spending time and money. And besides financial costs, there are costs in terms of emotion and energy. Friends often lend things to each other. In Japan, this happens a lot with manga books. I did that with colleagues I got on with at the company I worked for. I'm not the type of person who wants to read something just because someone else recommends it to me—I'd borrow it just because it seemed unfriendly to me not to. And if you borrow a book, you have to read it and when you give it back, you have to give comments. If you didn't enjoy it, you either have to lie and say you did or you have to choose your words very carefully, so as not the harm your relationship. I find all this kind of thing very stressful. I suppose the psychological burden is the cost of adapting to the other person. As I said earlier on, I'm bad at building relationships within a fixed community, and I think one reason for this is that I can't easily adapt. I guess that makes the mental cost relationship greater than it would otherwise be. To reach the stage where you can just be yourself, but the other person takes a lot of time and energy. You probably argue sometimes or spend long periods, hesitating whether to say things or not. And this is all a type of psychological cost that mounts up over time until you reach the day where you can say without reservation. “This manga I borrowed, it was garbage.” So I think you could certainly say that skipping the whole process would cut costs, financial and emotional. That, at least, was how that particular client saw it. My not doing anything meant there was no pressure on her. It was interesting to find someone who thought like that.
Shoji Morimoto
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