Creditor Quotes
The poor man who takes property by force is called a thief, but the creditor who can by legislation make a debtor pay a dollar twice as large as he borrowed is lauded as the friend of a sound currency. The man who wants the people to destroy the Government is an anarchist, but the man who wants the Government to destroy the people is a patriot.
William Jennings Bryan
... confess now- could you lie with the wife of your friend? could you debauch his sister? could you defraud a poor creditor? could you by gambling rejoice in the outwitting a novice of all his possessions?- No! why then thou art a silly fellow, incumbered with three abominable inmates; to wit- Conscience, Honesty, and Good-nature.
Ignatius Sancho
.. personal credit was guaranteed in the most summary and extravagant fashion; for the law entitled the creditor to treat his insolvent debtor like a thief, and granted to him in sober earnest by legislative enactment what Shylock, half in jest, stipulated for from his mortal enemy, guarding indeed by special clauses the point as to cutting off too much more carefully than did the Jew.
Theodor Mommsen
First in point of time and interest comes the mortgage debt, i. e. the claim for the return of money lent on the security of some tangible object. Such claims are among the earliest fruits of a commercial civilization, and are nearly always affected the same way, viz. by the deposit or pledge of the security with the creditor, to be redeemed or returned on the payment of the debt.
Edward Jenks
We investigate how the degree to which credit markets are centralized affects efficiency when there is asymmetric information. Specifically, we argue that decentralization of credit may promote efficient project selection when creditors are not fully informed ex ante about project quality.
Our starting point is the idea that, although an entrepreneur (project manager) may have a relatively good idea of her project's quality from the outset, creditors acquire this information only later on, by which time the criteria for profitability may have changed. Thus, a poor project (one whose completion time is too long to be profitable ex ante) may nevertheless be financed, since a creditor cannot distinguish it at the time from a good (quick) project.
Eric Maskin
Unhappiness makes people vulnerable, incessant suffering unjust. Just as in the relations between a creditor and a debtor there is always an element of the disagreeable that can never be overcome, for the very reason that the one is irrevocably committed to the role of giver and the other to that of receiver, so in a sick person a latent feeling of resentment at every obvious sign of consideration is always ready to burst forth.
Stefan Zweig
After two years of exploratory discussions, and a conference (1st - 22nd July), the Bretton Woods agreements were initially signed by 44 states; the others followed in the course of time. A co-author of the project was the United Kingdom, under the leadership of Winston Churchill. Since the Atlantic Charter, issued by Roosevelt and Churchill (August 14, 1941), UK shared the US commitment for the postwar dominance, a multilateral payment system, and an international cooperation. The US was then the world biggest creditor country.
Nico Perrone
Keynes's design was in favour of the liberalization of the economy and the capital's transfers, for the main purpose of monetary stability. To avoid devaluation of currencies - a practice followed by governments in order to sustain their export - Lord Keynes planned to introduce "Bancor”, a money of account to be accepted by all countries in international exchanges. The international body to be organized would get interests both from debtor and creditor countries, in order to finance the balance of payments system.
Nico Perrone
The most trifling actions that affect a man's credit are to be regarded. The sound of your hammer at five in the morning, or at nine at night, heard by a creditor, makes him easy six months longer but if he sees you at the billiard-table, or hears your voice at a tavern, when you should be at work, he sends for his money the next day.
Benjamin Franklin
