If you owe the bank $100 that's your problem. If you owe the bank $100 million, that's the bank's problem.
If there were not derivatives, there would be no bank loans at all today, because people want to get fixed-rate 30-year loans, but banks don't want to keep 30-year loans on their books.
Normally, banks record profits on loans only as they are repaid, whether they securitize the loans or hold them on their books.
If you owe the bank $10,000 you have a problem. If you owe the bank $10,000,000 they have a problem. After all is said and done, more is said than done. Government does not solve problems; it subsidizes them.
While rising delinquencies and foreclosures will continue to weigh heavily on the housing market this year, it will not cripple the U.S.
I have no interest in bailing out anybody, quite frankly, and I think banks have to suffer every dollar of loss if they make a bad loan.
The vast majority of debt that Anglo maintains is owed is strenuously disputed. However, I cannot now pay those loans which are due, following Anglo taking control of the Quinn Group of companies, which I and a loyal team spent a lifetime building.
I'm afraid sometimes certain individual cases of defaults are unavoidable. What we should do is to step up monitoring, properly handle relevant matters, and ensure there is no regional and systemic financial risk.
Trailer home borrowers, mostly near the bottom of the economic ladder, often default on their loans.
Someone has to pick up the tab when people get out of repaying their own debts.
What you want to watch are the lenders, not the borrowers. The borrowers will always be willing to take a great deal for themselves. It's up to the lenders to show restraint, and when they lose it, watch out.
We've actually got a Chelsea loan WhatsApp group. The loan department set it up. Sometimes it drains your battery when everyone is messaging each other.
The FM proposed to set up a Credit Guarantee Fund to ensure better flow of funds to students.
I learned how to lend money by cleaning up the messes of others who had made loans before me.
The American banking system, which at one time extended productive loans to agriculture and industry, has today become a giant betting machine
Every sensible banker understands that Greece should not have received any more money: a bankrupt state that can never be expected to repay loans is not a good debtor.
There are 43 million people who are locked into predatory student loan debt, from which there is no exit.
If you do microcredit with men, they tend to quickly drink it. They don't pay you back.
I'm an executive director at a company which gives out retail loans.
We are mortgaging our future.
There were absolutely circumstances where Sallie Mae was working hand-in-hand with for-profit schools and other schools in offering and putting students into risky expensive subprime loans.
People go into debt when they judge it beneficial to borrow money against their future earnings. Few can afford to buy a house outright, but many consider it worthwhile to take out a loan, which they will service and pay off over time, for the immediate privilege of living and investing in a house.
If you owe your bank a hundred pounds, you have a problem. But if you owe a million, it has.
I can't think of another enterprise other than being a homeowner that can't have its debt restructured in bankruptcy. Corporations can but a homeowner can't? Now with securitization the homeowner can't go to the owner of the loan and work things out.
In my own work, I have written about how our public sector bank officials avoid making any new lending decisions - because lending always exposes them to some (infinitesimal) risk of being blamed for the loan going wrong.
