Thursday, April 7, 2011

Quote of The Day

Pity Portugal:
“Ultimately, every penny of every debt must be paid
— if not by the borrower, then by the lender.” 
C. V. Myers
ht Zero Hedge

1 comment:

  1. ... Or by the taxpayer.

    (And indeed, let the taxpayer pay the salaries and ensure the integrity of the bonuses for all those who facilitated and were complicit in a political-industrial complex that drew and still continues to draw its livelihood from these contracts of debt).

    As for the lenders, it doesn't look like they will pay, no. - They retain their legal, or moral claim upon, or power over, the labour of others; every such claim implying, precisely as much poverty or debt on one side, as it implies riches or right on the other. (Ruskin).


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