Debt vultures are really the scum at the bottom of the pond. These are guys who buy up the debts of the world's poorest countries on the secondary market. You can go buy debts of a country like Peru, for example, at a real discount. Why? Because people think that the debts won't be repaid.
Some debts are fun when you are acquiring them, but none are fun when you set about retiring them.
Men who borrow their opinions can never repay their debts.
At 20, 25, 30, we begin to realise that the possibilities of escape are getting fewer. We have jobs, children, partners, debts. This is the part of us to which literary fiction speaks.
Many a poor soul has had to suffer from the weight of the debts on him, finding no rest or peace after death.
Someone has to pick up the tab when people get out of repaying their own debts.
It is incumbent on every generation to pay its own debts as it goes. A principle which if acted on would save one-half the wars of the world.
It is very iniquitous to make me pay my debts, you have no idea of the pain it gives one.
It's not surprising so many people end up with credit-card debts. Saving for your retirement and buying a house are difficult things, and we don't educate people about them at all.
Not so long ago, companies that borrowed lots of money were considered risky, appropriate only for daredevil stock pickers. Those with lots of cash on hand and few outstanding debts might be dull stocks, but they were at least safe bets for bondholders.
Speak not of my debts unless you mean to pay them.
When debts are not paid because they cannot be paid, the best thing to do is not talk about them, and shuffle the cards again.
One way to ease liquidity for banks is that the government can buy all highly rated securities held by the banks. Every single bank in the U.A.E. has some sovereign debts in their portfolios. I am not asking them to buy any junk bonds, rather the high quality U.A.E. government debt.
The grandchildren should not bear the debts of the grandparents.
In this business, if you don't pay your debts you're finished.
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