A Quote by Mark Twain
The only people that a bank will loan money to is the very people who don't need it.
Related Quotes
When a bank makes a loan, it simply adds to the borrower's deposit account by the amount of the loan. It does not take this money from anyone else's deposit; it was not previously paid in to the bank by anyone. It's new money, created by the bank for the use of the borrower.
The secret of high finance...if you really need a loan, you won't qualify. And if you don't need a loan, all the lenders will line up to give you money.
If you wanted to create jobs in a way that has minimal effect on the deficit but has government action, the two best things you could do are the infrastructure bank and a simple SBA-like loan guarantee for all building retrofits, where the contractor or the energy-service company guarantees the savings. So that allows the bank to loan money to let a school or a college or a hospital or a museum or a commercial building unencumbered by debt to loan it on terms that are longer, so you can pay it back only from your utility savings. You could create a million jobs doing that.
We developed microfinance to fight loan sharks - I was telling people don't go to loan sharks - not trying to take advantage and make money for myself. I would be a junior loan shark if I did ... It is not a panacea.
We developed microfinance to fight loan sharks - I was telling people don't go to loan sharks - not trying to take advantage and make money for myself. I would be a junior loan shark if I did... It is not a panacea.
Contrary to what most people think, bank money is much more important than state money. In Greece, for example, bank money makes up 84.26% of the total money supply.
The strongest bank in the United States will last only so long as the people will have sufficient confidence in it to keep their money there.
So that's the biggest lessonsI've learned it is your dream, you do not need a business loan, you do not need the support of others, you need to do what you need to do and when you become, what do I want to call the word, like legitimate, when people see that you are real, then people will support you, but you can't ask them to take a risk on you.
Now, suppose that a homeowner puts down only 3% of their own money or 3.5% for the FHA. That means if prices go down by only 3%, the house will be in negative equity and it would pay the homeowner just to walk away and say, "The house now is worth less than the mortgage I owe. I think I'm just going to move out and buy a cheaper house." So it's very risky when you have only a 3% or 3.5% equity for the loan. The bank really isn't left with much cushion as collateral.
Most people hoard their money - just keep it in the bank. Bitcoin will really take off when people start spending it, creating a velocity of money.
You've seen certain credit type products that are going to be in nonbanks, like sophisticated CLO [collateralized loan obligation] tranches and stuff where the capital charge is so high that a bank simply will not own it. Someone will buy it, hedge it, trade it. But it won't typically be a bank.
Keep in mind that you don't need to be addicted to money in order to acquire it. You can prefer to have money; you will then be able to enjoy whatever money you receive, but your happiness will not be contingent on the size of your bank account.
My life is on loan, like money borrowed from a bank. God is the lender, and He retains the right to call in the loan any time. Though I am responsible for taking care of it, I do not own this life; it is borrowed. Why should I fear its loss or the loss of anything else in this world when I must surrender it all anyway?
You can always make a loan at a bank if you can show sufficient evidence that you don't need it.
In reality, student loan forgiveness is welfare for the rich: a federal mandate that people who will make less money on average over the course of their lives bail out people who will make more money on average over the course of their lives.
If you only take money in the bank and never put money in the bank, you'll go broke.
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