Every debt is ultimately paid, if not by the debtor, then eventually by the creditor.

It is an axiom nowadays that no bank fails for lack of capital; unprofitable lending is always the underlying cause.

Growth at an exceptional rate is a red flag in banking. It is hard enough to manage an ordinary bank; to control a sprouting weed is well-nigh impossible. If loans are expanding too quickly, the lending officers have probably been saying 'yes' too frequently.

Every debt is ultimately paid, if not by the debtor, then eventually by the creditor.

[C]apitalism without financial failure is not capitalism at all, but a kind of socialism for the rich.

Successful investing is about having people agree with you ... later.

The 1980s are to debt what the 1960s were to sex. The 1960s left a hangover. So will the 1980s.