There is only one institution that can arrogate to itself the power legally to trade by means of rubber checks: the government. And it is the only institution that can mortgage your future without your knowledge or consent: government securities (and paper money) are promissory notes on future tax receipts, i.e., on your future production.
You can't explain collateralized debt obligation in a novel - it's too draggy.
The United States has never prioritized or failed to pay any obligation when due during a debt limit impasse. Despite the institutional risks and the lack of clear legal authority, we assume that Treasury will attempt to prioritize payments in a last-ditch effort to avoid default.
Credit is an 'I love debt' score.
Never cosign a loan. Once you have cosigned, you cannot get out of it - even on your deathbed.
The dollar represents a one dollar debt to the Federal Reserve System. The Federal Reserve Banks create money out of thin air to buy Government Bonds from the U.S. Treasury...and has created out of nothing a ... debt which the American people are obliged to pay with interest.
Debt has become a part of who we are.
The collateralized debt obligation, the CDO, is a structure which allows you to more or less continuously choose how much risk you want to take in a whole batch of securities. And the reason why they got us into so much trouble is that it's hard to figure out how much risk you really are taking.
We often pay our debts not because it is only fair that we should, but to make future loans easier.
Pay off your student loan. Even if you don't have a job...Because when you finally get a job you're going to be one of us.
You know it is not my interest to pay the principal, or my principal to pay the interest.
He that will be surety, shall pay.
Credit is a system whereby a person who can not pay gets another person who can not pay to guarantee that he can pay.
No matter how good a deal sounds, if your name goes on the bottom line, you need to understand it and be sure you'll be able to pay. You are responsible for yourself forever. Forever.
I guess I lost my way, there were so many roads. I was living to run, and running to live, never worried about paying or even how much I owed.
Wouldn't it be just great if somebody could actually get elected without having to spend all that time raising money? Wouldn't it be great if somebody could get elected president without having to pay all the donors back? Wouldn't it be fabulous if somebody could get elected president without this giant due bill?
The interesting thing about debt in most cases is that you have to pay it back. So if you build an overhang of debt, it becomes more and more limiting in terms of the prospect that you have.
Will I be sensible and pay off the mortgage? Not a chance.
Could you let me have the 3 weeks due to me now and if I work again before August I must of course repay you at the rate of exchange you let me have it at now if you kindly will.
We borrowed money, it helped us with bonds and what not, and the Federal Government backed it, but it was a guarantee, it was not a grant. And we not only paid it off, but we paid it off ahead of time.
People are living longer than ever before, a phenomenon undoubtedly made necessary by the 30-year mortgage.
We do not want Ukraine to default. On the contrary, we need an economically viable partner. However, debts should be paid, and this includes state and commercial debts
When you borrow money, you should always think how you're going to pay it back.
Our company was mortgaged to the hilt, and that did restrain us, and it's why we had to take in partners.
If you will not lend me the money, how can I pay you?
