Posts Tagged ‘bankruptcy’

Frank Borman: Bankruptcy is Like Hell

Posted by admin on Monday, June 27, 2016

Frank Borman Money Quote saying those who default on financial obligations are treated to potential hell of going bankrupt. Frank Borman said:

Capitalism without bankruptcy is like Christianity without hell
— Frank Borman

Elizabeth Warren: Block Bankruptcy Exit

Posted by admin on Sunday, January 17, 2016

Elizabeth Warren Money Quotation saying banks extended loans to those in financial straights to charge higher rates and fees than they could afford, while avoiding bankruptcy. Elizabeth Warren said:

The bankers … strategy emerged: Target families who were already in a little trouble, lend them more money, get them entangled in high fees and astronomical interest rates, and then block the doors to the bankruptcy exit if they really got in over their heads
— Elizabeth Warren

Paula Nelson on Credit Cards as Supplement

Posted by admin on Tuesday, January 29, 2013

Paula Nelson Money Quotation saying credit cards entice us when we haven’t got the cash for things that could wait until we had actual money – this sinks many financial boats. Paula Nelson said:

A credit card is a money tool, not a supplement to money. The failure to make this distinction has supplemented many a poor soul right into bankruptcy

— Paula Nelson

Fred De Witt Van Amburgh: Gratitude Currency of Thanks giving

Posted by admin on Thursday, November 25, 2010

Fred De Witt Van Amburgh Money Quote saying we create our own wealth by what we are thankful for, that we can build up those riches and never need run out of thanks. Fred De Witt Van Amburgh said:

Gratitude is a currency that we can mint for ourselves, and spend without fear of bankruptcy

— Fred De Witt Van Amburgh

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