Credit is probably more acceptable in American culture than elsewhere. — John W. Henry
Credit is the oil in the engine of economic growth, but too much oil can cause the engine to seize. — Russell Napier
Credit is like a drug. Initially, it feels great as it stimulates economic activity, but eventually, you become addicted and require more and more to achieve the same effect. — Russell Napier
A credit bubble is a short-term solution that creates long-term problems. — Russell Napier
All money is a matter of belief. — Adam Smith
Every financial crisis is made out of excess money and credit. — Russell Napier
A bank is a place that will lend you money if you can prove that you don't need it. — Bob Hope
The bank hath benefit of interest on all moneys which it creates out of nothing. — William Paterson
The circulation of confidence is better than the circulation of money. — James Madison
A good that assumes the role of a widely accepted medium of exchange is called money. — Saifedean Ammous
Financial Credit Image Quotes
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What Is A Financial Quotes
A big part of financial freedom is having your heart and mind free from worry about the what-ifs of life. — Suze Orman
What I immediately recognized about Wall Street in 1983 was that it was a continuation of my career in theater. Wall Street is a big theater, and it's all illusions. — Max Keiser
Unless we understand what it is that leads to economic and financial instability, we cannot prescribe -- make policy -- to modify or eliminate it. Identifying a phenomenon is not enough; we need a theory that makes instability a normal result in our economy and gives us handles to control it. — Hyman Minsky
There is no limit to what a man can achieve if he doesn't care who gets the credit.
Financially speaking, I haven’t ended my career in the best shape, and there are debts, as well as what is to come by way of a divorce settlement to Mandy. — Stephen Hendry
Diversification is a protection against ignorance. It makes very little sense for those who know what they're doing. — Warren Buffett
A person's credit report is one of the most important tools consumers can use to maintain their financial security and credit rating, but for so long many did not know how to obtain one, or what to do with the information it provided. — Ruben Hinojosa
My poor dad said, 'You need to know a lot about one speciality.' My rich dad said, 'You need to learn a little about a lot of things.'
I think risk is important. I don't care if it's a great financial risk or a physical risk. You only get out of something what you put into it and the fact that you are willing to risk something means that you are going to get a lot more out of it. — Yvon Chouinard
Thankfully, in my youth I had the best financial advisor a son could ask for: my dad Walter. When I got that first signing bonus in 1978, Dad took my cheque, announced, 'This is what we're going to do,' and bought an annuity with it. — Wayne Gretzky
What's absolutely unforgivable is the financial benefit top management people get for laying off people. There's no excuse for it. No justification. No explanation. This is morally and socially unforgivable, and we'll pay a very nasty price. — Peter Drucker
What we call a financial crisis is really at its core a crisis of management, and not just a crisis of management, but a crisis of management culture. ...In other words, what you had is a detachment of people who know the business from people who are running the business. — Henry Mintzberg
What Is A Credit Quotes
If you fellows have been hunted from one end of the country to the other as I have been, you’ll understand what a bad man’s reputation is built on. I’ve had credit for more killings than I ever dreamt of — Doc Holliday
One would think that a system loaded with such gross and vulgar absurdities as Scripture religion is could never have obtained credit; yet we have seen what priestcraft and fanaticism can do, and credulity believe. — Thomas Paine
I think one lesson we have to learn is that there's a lot more risk than we're giving credit to, a lot more what economist calls systematic risk. — Richard Thaler
As long as the problems of the poor are not radically resolved by rejecting the absolute autonomy of markets and financial speculation and by attacking the structural causes of inequality, no solution will be found for the world's problems or, for that matter, to any problems.
I say God is kind. So many people want to do what I do [comedy] for a living, and so he didn't have to choose me. So I don't take all the credit, but I do know that I love what I do, and I see it as a gift. — Niecy Nash
I think what happens is when something becomes successful, then a lot of people take credit for it in such ways that it takes credit away from you. — Eddie Vedder
It sounds blase but there is a certain amount of luck. We'd all like to take a certain amount of credit for Kevin Doyle... I can't really remember what it was I particularly liked about Kevin when I watched him in Ireland. I had five pints of Guinness in the afternoon and it was all a bit blurred. — Steve Coppell
Everyone can get a little sloppy with cash and it's smart to notice. But what's squeezing you is the big stuff you ladle onto your credit cards. — Jane Bryant Quinn
What this country needs is a credit card for charging things to experience. — Tom Wilson
I think his greatest fault is his failure to accord credit to anyone for what he may have done. This is a great weakness in any man. — William Howard Taft
What the F.D.I.C. does is to put the full faith and credit of the United States government behind every savings account in the nation, up to a limit that has changed over the years and stands now at $100,000. — Nick Clooney
It is amazing what you can accomplish if you do not care who gets the credit. — Harry S. Truman
There is no limit to the amount of good you can do if you don't care who gets the credit. — Ronald Reagan
Progress comes from caring more about what needs to be done than about who gets the credit — Dorothy Height
A lot of times when you keep it real with somebody, you can't expect them to keep it real with you. In this industry people just want to be famous and they forget how to keep it real and they forget to give credit to the people who helped them get to where they at. — Gucci Mane
No man will make a great leader who wants to do it all himself or get all the credit for doing it. — Andrew Carnegie
The way to get things done is not to mind who gets the credit for doing them. — Benjamin Jowett
Learn to go first. Introduce yourself. Ask them out. Host the event. Voice an idea. Tell people what you want. You’ll face more rejections when things go wrong, but you’ll get all of the credit when things go right. The world rewards those who go first because so few people do. — Mark Manson
It is amazing how much can be accomplished if no one cares who gets the credit. — John Wooden
Great things can happen when you don't care who gets the credit. — Mark Twain
Financial Institutions Quotes
The people that control your financial markets, institutions and the people that control your main stream media, they now control your governments. — Douglas Macgregor
Over time, low rates can put pressure on the business models of financial institutions. — Jerome Powell
Financial institutions, the corporate world and civil society - all must uphold high standards of probity in their working. Only a genuine partnership between the Government and its people can bring about positive change to create a just society. — Pratibha Patil
People.. were poor not because they were stupid or lazy. They worked all day long, doing complex physical tasks. They were poor because the financial institution in the country did not help them widen their economic base. — Muhammad Yunus
Pretty sure only trained hedge fund professionals backed by institutional investors and UHNWs are supposed to commit theft/financial pillage by artificially distorting the market. I don't know why retail investors think they have the right or expertise to manipulate price action. — Eric Weinstein
Unlike Bitcoin or email, our financial institutions and payment systems today are proprietary. This limits the ability for consumers to easily switch between payment providers and creates less competition for services. — Brian Armstrong
There was a time in the United States when most of our financial institutions were local. Which essentially meant that local communities were able to create their own credit, or their own money, in response to their own needs. We still depended on banks, but it was a much more democratic process. — David Korten
If a financial institution is too big to fail, it is too big to exist. — Bernie Sanders
If the authorities constrain banks and are aware of the activities of fringe banks and other financial institutions, they are in a better position to attenuate the disruptive expansionary tendencies of our economy. — Hyman Minsky
The world is not going to fall as long as there is confidence in governments and in banking institutions and the financial system. — Rakesh Jhunjhunwala
Credit Quotes
My grandfather once told me that there were two kinds of people: those who do the work and those who take the credit. He told me to try to be in the first group; there was much less competition. — Indira Gandhi
I found myself without money, without credit, without army, without experience and knowledge of my own and finally, also without any counsel because each one of them at first wanted to wait and see how things would develop. — Maria Theresa
Leadership consists of nothing but taking responsibility for everything that goes wrong and giving your subordinates credit for everything that goes well. — Dwight D. Eisenhower
Attribute to God every good that you have received. If you take credit for something that does not belong to you, you will be guilty of theft. — Anthony of Padua
The leader is a teacher who succeeds without taking credit. And, because credit is not taken, credit is received. — Lao Tzu
Even if we have thousands of acts of great virtue to our credit, our confidence in being heard must be based on God's mercy and His love for men. Even if we stand at the very summit of virtue, it is by mercy that we shall be saved. — Saint John Chrysostom
Give credit where credit is due: simply said, if you want loyalty and best effort, you must be thoughtful. — Estee Lauder
It's completely reasonable, even if some Bitcoin currency purists wouldn't like it, to have credit and debit card payments denominated in Bitcoin rather than dollars, and net settled on Bitcoin instead of on Fedwire. — Nick Szabo
Someone stole all my credit cards, but I won't be reporting it. The thief spends less than my wife did — Henny Youngman
Financial Quotes
Take Charge Of Your Financial Future. I believe investing small amounts each month in the stock market will give you financial freedom in the later years of your life. — Bo Sanchez
God is the source of my supply. His riches flow to me freely, copiously, and abundantly. All my financial and other needs are met at every moment of time and point of space; there is always a divine surplus. — Joseph Murphy
It is my right to be rich, happy, and successful.
Money flows to me freely, copiously, and endlessly.
I am forever conscious of my true worth. I give of my talents freely, and I am wonderfully blessed financially. It is wonderful! — Joseph Murphy
Judo should be free as art and science from any external influences, political, national, racial, and financial or any other organized interest. And all things connected with it should be directed to its ultimate object, the benefit of Humanity. — Kano Jigoro
Under its current form, that is imperialism-controlled, debt is a cleverly managed re-conquest of Africa, aiming at subjugating its growth and development through foreign rules. Thus, each one of us becomes the financial slave, which is to say a true slave. — Thomas Sankara
Democracy is not compatible with financial oligarchy. — Che Guevara
Only those who are asleep make no mistakes. — Ingvar Kamprad
Part of your heritage in this society is the opportunity to become financially independent. — Jim Rohn
Just as men must give up economic control when their wives share the responsibility for the family's financial well-being, women must give up exclusive parental control when their husbands assume more responsibility for child care. — Augustus Y. Napier
I give thanks that I am now rich, well and happy and that my financial affairs are in divine order. Every day in every way I am growing richer and richer. — Catherine Ponder
Financial Security Quotes
To ensure financial stability, we expect the provision of U.S. government securities settlement services to be robust in nearly all contingencies. — Jerome Powell
The newness effect of a new thing wears off in nine months to a year, but financial security can last a lifetime. — Dan Buettner
Every Maryland family wants financial security, schools that work, quality healthcare, safer neighborhoods, and ever-expanding economic opportunity. These are the building blocks of a superior quality of life. — Robert. L. Ehrlich
Every Maryland family wants financial security, schools that work, quality healthcare, safer neighborhoods, and ever-expanding economic opportunity. These are the building blocks of a superior quality of life. — Bob Ehrlich
Bitcoin is a bank in cyberspace, run by incorruptible software, offering a global, affordable, simple and secure savings account to billions of people that don't have the option or desire to run their own hedge fund. — Michael Saylor
I think anybody who is interested in keeping their money safe from the criminal banking system would want gold, silver, and Bitcoin. — Max Keiser
You can securely control neither your land nor your digitally centralized financial assets without the help of government. Thus the locality & importance of legal ownership in these things. You can securely control your globally seamless Bitcoin without the help of government. — Nick Szabo
Decentralization is only a means towards the key to blockchain value, trust minimization, which brings a host of benefits: immutability, censorship resistance, global seamlessness, monetary and financial sovereignty. Other kinds of decentralization are security theater. — Nick Szabo
Women would be disproportionately affected by the privatization of social security. It is one of the most important safety nets for American women in old age, or in times of disability, to insure financial income for their families. — Barbara Mikulski
One of the gaps in our international development efforts is the provision of global public goods - that is, goods or conditions we need that no individual or country can secure on their own, such as halting global warming, financial stability and peace and security. — Anna Lindh
Financial Risk Quotes
After the last financial crisis, the banks more than doubled their capital and liquidity and they’re far more aware and better at managing the risks they’re taking. — Jerome Powell
Many of the great financial disasters we’ve seen have been failures to foresee and manage risk. — Howard S. Marks
Network marketing gives people the opportunity, with very low risk and very low financial commitment, to build their own income-generating asset and acquire great wealth. — Robert Kiyosaki
In financial services, if you want to be the best in the industry, you first have to be the best in risk management and credit quality. It's the foundation for every other measure of success. There's almost no room for error. — John G. Stumpf
Do not trust financial market risk models. Despite the predilection of some analysts to model the financial markets using sophisticated mathematics, the markets are governed by behavioral science, not physical science. — Seth Klarman
With government deregulation and the triumph of financial liberalization, the dangers of systemic risks, the possibility of a financial tsunami, sharply increased. — Noam Chomsky
The Federal Reserve has a responsibility to ensure the safety and soundness of financial institutions and to contain systemic risks in financial markets. — Bernie Sanders
If you look at the careers of great entrepreneurs and you look at the moment they took their plunge, the plunge is rarely a great financial or material risk, it’s a social risk. At the moment they started their new businesses, everyone around them said ‘you’re an idiot’. — Malcolm Gladwell
The global financial crisis - missed by most analysts - shows that most forecasters are poor at pricing in economic/financial risks, let alone geopolitical ones. — Nouriel Roubini
There is a basic lesson on financial crises that governments tend to wait too long, underestimate the risks, want to do too little. And it ultimately gets away from them, and they end up spending more money, causing much more damage to the economy. — Timothy Geithner
Financial System Quotes
Bitcoin links together 8 billion people, links together a hundred million companies, it synchronizes the world across political jurisdictions, and it returns rationality to the entire financial system, and it returns freedom and property rights to the entire human race. — Michael Saylor
Big banks, highly leveraged casinos, do whatever they can to keep the cost of their gambling as cheap as possible. This means keeping interest rates as cheap as possible. — Max Keiser
Success of bitcoin and the exchanges that deal in it could be interpreted by some to mean the demise of central banks, Wall Street, and the Washington insiders who trade on inside information and market manipulation. — Max Keiser
Regional interest rate differentials persisted until around the time of World War I and helped shape the attitudes of Americans living in western areas toward the nation's financial system. — Jerome Powell
The Fed's organization reflects a long-standing desire in American history to ensure that power over our nation's monetary policy and financial system is not concentrated in a few hands, whether in Washington or in high finance or in any single group or constituency. — Jerome Powell
The financial crisis revealed important weaknesses in many areas of our financial system. — Jerome Powell
Worry is in short supply, risky borrowers, questionable schemes, precarious financial system — Howard Marks
My colleagues on the Board of Governors and I understand the value of having a diverse financial system that includes a large and vibrant contingent of community banks. — Jerome Powell
At Coinbase, our mission is to create an open financial system for the world. We believe that open protocols for money will create more innovation, economic freedom, and equality of opportunity in the world, just like the Internet did for publishing information. — Brian Armstrong
Through bitcoin, the Argentines are developing an economy which doesn't require the bankers. — Max Keiser
Financial Sector Quotes
China will continue to adopt multiple measures to advance the reform and opening up of its financial sector so that its financial market can better adapt to financial modernization and globalization. — Xi Jinping
After all, Wall Street is clearly the most powerful lobbying force on Capitol Hill. From 1998 through 2008, the financial sector spent over $5 billion in lobbying and campaign contributions to deregulate Wall Street. — Bernie Sanders
I ran for Congress not because I was having a mid-life crisis. I left the private sector because I saw a looming financial crisis that was coming to this country. It's unsustainable. — Steve Daines
The difference between both is that social entrepreneurship has a much more financial transparency. There is no financial viability and that is where a corporate sector makes a difference because we maintain a balance between both the financial status and the social service. — Ramon Magsaysay
The major media companies are significantly reducing their financial commitment to the motion picture sector. — Peter Bart
The United States lived on borrowed money for too long, inflating its financial sector unnecessarily and neglecting its small and mid-sized industrial companies. — Wolfgang Schauble
The multiple failings of our flawed financial sector are jeopardizing, not only the retirement security of our nation's savers but the economy in which our entire society participates. — John C. Bogle
The global financial system consists of firms in the financial services sector - banks, hedge funds, insurance companies and the like - and various governmental agencies who are charged with regulating these firms. — John L. Casti
I grew up in Monaco, and in that environment going into the financial sector was the obvious choice. — Herve Falciani
There was, of course, a global financial crisis. But our Labour predecessors left Britain exceptionally vulnerable and damaged: more personal debt than any other major economy; a dangerously inflated property bubble; and a bloated banking sector behaving as masters, not the servants of the people. — Vince Cable
Having a financial adviser enables the investor to carry a psychological call option. If the investment decision turns out well, the investor takes the credit, and if it turns out badly, the regret can be lowered by blaming the adviser. — Hersh Shefrin
The manipulation of credit has been the most potent of all methods employed by financiers as a means of controlling commerce and fixing prices.We are all consumers and should all be producers.This credit is a tax upon humanity as if government bonds were issued and people were obliged to pay it. — Charles Lindbergh
If you look at the way society is structured , it is structured to keep people overwhelmingly in a state of fear and always trying to survive, in terms of physically, in terms of terror, in terms of financially, the credit crunch, rising food prices; all this is survive, survive, survive. — David Icke
High bankruptcy rates, increased credit card debt, and identity theft make it imperative that all of us take an active role in providing financial and economic education during all stages of one's life. — Ruben Hinojosa
Too-easy credit and millions of bad loans made during the U.S. housing bubble paved the way for the financial calamity and Great Recession that followed. Today, by contrast, credit is too tight. Mortgage loans are particularly hard to get, creating a problem for the housing market and the broader economy. — Mark Zandi
Social security, bank account, and credit card numbers aren't just data. In the wrong hands they can wipe out someone's life savings, wreck their credit and cause financial ruin. — Melissa Bean
Ebay was involved and gave up 150 million passwords. Target was attacked and gave up 40 million credit card numbers. Attacks like these are happening on a regular basis, both in the United States and around the world and the costs in terms of privacy or security in our financial sector are truly extraordinary. — Donald Trump
Don't cut up your credit cards, the problem is not the cards, it's the lack of financial literacy of the person holding the cards and always make the best out of a bad situation — Robert Kiyosaki
The beauty of a financial institution is that there are a lot of ways to go to hell in a bucket. You can push credit too far, do a dumb acquisition, leverage yourself excessively - it's not just derivatives [that can bring about your downfall]. — Charlie Munger
Europe's financial system is fragmented, although the gap in funding costs for banks within the euro area is no longer as wide as it was two years ago. But in lending the differences are still very large, and in some countries the credit flow is disrupted. — Mario Draghi
I was an advocate of the deregulation movement and I made - along with a lot of other smart people - a fundamental mistake. The financial industry undergirded the entire economy and if it is made riskier by deregulation and collapses in widespread bankruptcies as what happened in 2008, the entire economy freezes because it runs on credit. — Bill O'Reilly
I came out of my professional athlete career with a 450 credit score, no money in the bank to show for it, but I had an Ivy League degree. So I put that Dartmouth degree to good use and got a job on Wall Street. I hated it but used the time to make connections and become financially literate. — Brian J. White
I get heartfelt thanks from all kinds of people. Today I heard from a waitress in Georgia who has lost her job and is trying to figure out how her local bank can change the terms on her credit card, and I heard from a physicist at a major research university who wants to explain a better theory of financial stress tests. — Elizabeth Warren
If you don't have a functioning financial system the world economy won't be revived. All the major economies have their responsibility to assist at a pace which is required to clean up the balance sheet of the banking system and to ensure that credit flows are resumed. — Manmohan Singh
Bank One has got one of the best credit card divisions, ... The perception of investors is that financial services stocks are affected by interest rates and they're not. — David Dreman
Music video directors, who conceive, write and direct these works, enjoy no creative rights, receive no ongoing financial benefit from the sale of our work, and many times are not even credited. — Michael Apted
The Luxembourg financial centre is based on several pillars, we are characterised by the breadth of our product range, we are an active participant in the international credit business. — Jean-Claude Juncker
He smote the rock of the national resources, and abundant streams of revenue gushed forth. He touched the dead corpse of the Public Credit, and it sprung upon its feet. The fabled birth of Minerva, from the brain of Jove, was hardly more sudden or more perfect than the financial system of the United States, as it burst forth from the conceptions of Alexander Hamilton. — Daniel Webster
The objects of a financier are, then, to secure an ample revenue; to impose it with judgment and equality; to employ it economically; and, when necessity obliges him to make use of credit, to secure its foundations in that instance, and for ever, by the clearness and candor of his proceedings, the exactness of his calculations, and the solidity of his funds. — Edmund Burke
We judged that a sudden, disorderly failure of Bear would have brought with it unpredictable but severe consequences for the functioning of the broader financial system and the broader economy, with lower equity prices, further downward pressure on home values, and less access to credit for companies and households. — Timothy Geithner
Over and over again, financial experts and wonkish talking heads endeavor to explain these mysterious, 'toxic' financial instruments to us lay folk. Over and over, they ignobly fail, because we all know that no one understands credit default obligations and derivatives, except perhaps Mr. Buffett and the computers who created them. — Richard Dooling
It is imperative that we make consumers more aware of the long-term effects of their financial decisions, particularly in managing their credit card debt, so that they can avoid financial pitfalls that may lead to bankruptcy. — Daniel Akaka
The minute a Wall Street firm purchases your debt, your bank no longer has it on its financial statement, which then allows the bank to look for more credit card customers. That's one reason why you get so many credit card offers. — Robert Kiyosaki
I think the most relative thing is that women in a way that I think people haven't given us credit for, want to return to this idea about equality in marriages and financial autonomy. And if the richest women don't have financial autonomy, what does it mean for the rest of us? That's all. — Wednesday Martin
A possibility is that we see more and more leverage, and credit-to-GDP ratios rise once more to even higher levels; eventually the banking systems of all advanced economies reach magnitudes of 500 percent, 1000 percent or more of GDP, so that every economy starts to have financial systems that resemble recent cases like Switzerland, Ireland, Iceland, or Cyprus. That might be a very fragile world to live in. — Alan M. Taylor
It's just very hard to teach a class of students about what has happened in the Global Financial Crisis, how we ended up there and how we got to where we are today, without having some basic, non-trivial understanding of the financial sector, credit, and the banking system. — Alan M. Taylor
The Fed has a lot of power in the economy because it has a big impact on the supply and cost of credit, that is, interest rates. It also plays a key role in supervising banks and historically has seemed to take it easy on the banks when it shouldn't have, such as in the lead up to the financial crisis. — Gerald Epstein
I don't want to pick on Deutsche Bank, but I think the world of the regulated financial conglomerate, it is a strange thing. There is nothing in common between writing checks and running branch offices, issuing credit cards - those are good businesses, but they really have zero in common with M&A advice. They're a different customer. — Ken Moelis
[My grandmother] managed her money better than some financial professionals I know. I give credit always to her because she is the reason I have my column and national recognition. — Michelle Singletary
I think it's been, you know, kind of like a tragic play to this point. But at this point, I think it's clear, and will be clear to the majority of the Congress. I think it's clear to the American people that there is only one countervailing force to a world where financial institutions are trying to sell instruments every day and where credit has dried up, and that's the United States Treasury. — Warren Buffett
I mean, we've always had gold bugs, but now we sort of realize that Treasure Bills might be in the same category. And we have derivatives like credit default swaps which are in this category, and we have derivatives like volatilities that are actually an asset class that we can invest in which are now - would out perform if we have another financial crisis. — Robert F. Engle
It's a tale of redemption. It's a tale of a girl who is going on a journey, who makes mistakes as most young people do... the credit card companies love sending you credit cards so you exceed your limit and they can charge you interest. And this is a girl who overcomes her problems and figures a way out of her financial crisis, and hopefully the world will do the same thing. — Jerry Bruckheimer
The banks, because of mismanagement, because of huge risk taking, are now in very vulnerable positions. We can expect that we're gonna have to do more to shore up the financial system. We also are gonna have to make sure that we set up financial regulations so that not only does this never happen again, but you start having some sort of - trust in how the credit markets work again. — Barack Obama
But credit card debt is unsecured debt, which means if you get in trouble and cannot pay off your credit card, you can discharge it in bankruptcy. What are they going do to you? If you're in a financial position to just methodically pay off both credit card and student loans, pay them all. — Suze Orman
No. It is not acceptable that the 6 largest financial institutions in this country have assets of almost 10 trillion dollars, and issue half of the mortgages and two-thirds of the credit cards. That is too much wealth and power in the hands of a few. If Teddy Roosevelt were alive today he'd tell us to 'break them up.' And he'd be right. These huge banks must be broken up. — Bernie Sanders
The financial collapse of 2008 got its start with predatory mortgages, that weren’t sold by community banks and credit unions, they were sold by fly by night mortgage brokers who had almost zero federal oversight and then the big banks looked over, saw the profit potential and they wanted it bad. So they jumped in and sold millions of these terrible mortgages while the bank regulators just looked the other way. — Elizabeth Warren
I was an advocate of the deregulation movement and I made - along with a lot of other smart people - a fundamental mistake, which is that deregulation works fine in industries which do not pervade the economy. The financial industry undergirded the entire economy and if it is made riskier by deregulation and collapses in widespread bankruptcies as what happened in 2008, the entire economy freezes because it runs on credit. — Richard Posner
It is imperative that we make consumers more aware of the long-term effects of their financial decisions, particularly in managing their credit card debt, so that they can avoid financial pitfalls that may lead to bankruptcy. — Daniel Kahikina Akaka
Consumer spending is now plunging at serious-recession rate ... even if the rescue now in train succeeds in unfreezing credit markets, the real economy has immense downward momentum. In addition to financial rescues, we need major stimulus programs. — Paul Krugman
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