Increasingly, the real estate developers can't get bank loans for their project financing in China. They're now going into the Hong Kong market to raise money in the bond market at very, very high rates, as high as 15, 20 percent.— James Chanos
Romantic Bank Loan quotations
Thus, our national circulating medium is now at the mercy of loan transactions of banks, which lend, not money, but promises to supply money they do not possess
China's idea of fair trade is government subsidies of its textile and apparel exports to the United States, currency manipulation, and forgiveness of loans by its government banks.
Historically, usury was defined as any interest whatever on an unproductive loan.Our whole banking system I have ever abhorred, I continue to abhor, and I shall die abhorring.
Today, if you look at financial systems around the globe, more than half the population of the world - out of six billion people, more than three billion - do not qualify to take out a loan from a bank. This is a shame.
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.
Faith is like private capital, stored in one's own house.
It is like a public savings bank or loan office, from which individuals receive assistance in their days of need; but here the creditor quietly takes his interest for himself.
The Federal Reserve needs to provide small businesses in America with the same low-interest loans it gave to foreign banks.
And I think the more money you put in people's hands, the more they will spend.
And if they don't spend it, they invest it. And investing it is another way of creating jobs. It puts money into mutual funds or other kinds of banks that can go out and make loans, and we need to do that.
This is a derivative, if you will, of Cloward-Piven [theory].
"[Stephen] Lerner's plan is to organize a mass, coordinated 'strike' on mortgage, student loan, and local government debt payments - thus bringing the banks to the edge of insolvency and forcing them to renegotiate the terms of the loans.
You can always make a loan at a bank if you can show sufficient evidence that you don't need it.
In the simplest sense, the key to the performance of any traditional commercial bank ... is the profitability of the loans it makes.
I founded Grameen Bank to provide loans to those considered traditionally unbankable. Grameen Bank works with the poorest and often illiterate, providing uncollateralized micro-loans for tiny business enterprises by which they can lift themselves and their families out of poverty.
When you say "bank," a bank is a building, a set of computers and chairs and things. The bankers are the people running these banks. They're the chief officers, and they push the loans because they don't care if they go bad. For one thing, they may package these bad loans and sell them off to gullible institutional investors.
Sometimes there are customers who get in difficulty because of situations that are out of their control. These are customers with genuine needs, and the role of the bank is to accommodate these customers, and there is a real need to reschedule the loans of these customers.
The Democrats, because they believe in socialism, redistribution, forced the banks and financial institutions to make the risky loans.
If all bank loans were paid, there would not be a dollar of coin or currency in circulation. Someone has to borrow every dollar we have in circulation. We are absolutely without a permanent money system.
These settlements [Justice Department with lenders] include requirements that banks lend to minorities at below-market rates and, in effect, dish out cash to politically favored 'community groups.' It's a good bet that many of these loans will eventually go bad.
Commercial banks are very good for certain businesses, like loans and guarding other people's money. They're not great investors or entrepreneurs.
What people don't realize is that China papered over its last two credit bubbles, those in 1999 and 2004. The banks were never bailed out - they just exchanged their bad loans for questionable bonds from quasi-state organizations.
I think the women in the political positions will push very, very hard to see that there are loans and banks for women in Rwanda.
The person who writes the bank's commercials is not the person who makes the loans.
Mathematically, debts grow exponentially at compound interest.
Banks recycle the interest into new loans, so debts grow exponentially, faster than the economy can afford to pay.
On one level, going bust didn't bother me.
It was the 80s, and there wasn't the stigma about bankruptcy that you might think. My mates weren't bothered. My dad was in business.. he knew that it happened, too. He loaned me the money to bail me out, and I got a loan from the bank to pay him back.
The whole financial structure of Wall Street seems to rise or fall on the mere fact that the Federal Reserve Bank raises or lowers the amount of interest. Any business that can't survive a one percent change must be skating on thin ice.Why even the poor farmer took a raise of another ten percent just to get a loan from the bank, and nobody from the government paid any attention. But you let Wall Street have a nightmare and the whole country has to help to get them back into bed again.
The contented and economically comfortable have a very discriminating view of government. Nobody is ever indignant about bailing out failed banks and failed savings and loans associations. But when taxes must be paid for the lower middle class and poor, the government assumes an aspect of wickedness.
At a time when going to college has never been more important, it's never been more expensive, and our nation's families haven't been in this kind of financial duress since the great depression. And so what we have is just sort of a miraculous opportunity simply by stopping the subsidy to banks when we already have the risk of loans. We can plow those savings into our students. And we can make college dramatically more affordable, tens of billions of dollars over the next decade.
I mean, Dodd-Frank is strangling small community banks.
It doesn't make any difference what the interest rate is. They're not - they're not going to loan the money because they can't make any money for one thing plus the cost of compliance.
In the past when money was given from government to government, there was no accountability, especially the World Bank loans. Nobody was held accountable for the misuse of World Bank loans. That is why it is important to channel some of the money through civil society groups.
So we are in for years of debt deflation.
That means that people have to pay so much debt service for mortgages, credit cards, student loans, bank loans and other obligations that they have less to spend on goods and services. So markets shrink. New investment and employment fall off, and the economy is falls into a downward spiral.
What about the golf courses?What about the huge foreign bank loans?What about the condos and the apartments that they sell, the promoting and the trademarks?[ Jason] Chaffetz should be investigating the president-elect's impeding violation of the constitution, not this poor government official who is just trying to do his job. And Mr. Chaffetz has endorsed that unconstitutional plan.
Merely taking the profits from the hotels and putting those aside is not enough.
They need to look at bank loans. They need to look at foreign banks leasing space in the Trump Tower.
If you have to pay about forty to forty-three percent of your income for housing, you also have to pay fifteen percent of your paycheck for the FICA for Social Security wage withholding. You have to pay medical care, you have to pay the banks for your credit card debt, student loans. Then you only have about twenty-five or thirty-five percent, maybe one-third of your salary to buy goods and services. That's all.
The thing I would worry a little bit about is Donald Trump owes about $650 million to banks, including the Bank of China. I'm not sure he could stand up so tough to the people who have loaned him money.
Banks wont even loan each other money, everybody's going broke, and here we are inside here, these people are going to be out on the street selling apples and pencils and they're still going to be buying paintings for this money, so I don't know what's going on in this world.