“Bad debt is debt that is used to enhance consumption.”
Gary Schatsky
“There's a lot of fraud that is not being identified as fraud, not being measured accurately. It's written off as bad debt. It's bad debt because the guy didn't exist.”
Anne Wallace
“Debt is the worst poverty.”
Thomas Fuller
“What makes a good leverage financier? One who can effectively control debts and do not allow the debts to control him...”
Zeng Han Jun
“I, however, place economy among the first and most important republican virtues, and public debt as the greatest of the dangers to be feared.”
Thomas Jefferson
“I go on the principle that a public debt is a public curse, and in a Republican Government a greater curse than any other”
James Madison
“Enron got in trouble with too much debt. Investors and analysts didn't realize how much debt they had because it was hidden.”
Mike Barbis
