Neither a borrower nor a lender be;
For loan oft loses both itself and friend,
And borrowing dulls the edge of
husbandry.
- Polonius, from Hamlet by William Shakespeare
A time capsule of the greatest financial mania in the history of mankind, told in real-time by regular folks and patriots. May future generations better understand the madness of crowds, and how power and money corrupt.
Neither a borrower nor a lender be;
For loan oft loses both itself and friend,
And borrowing dulls the edge of
husbandry.
Posted by
blogger
at
8/01/2007
Labels: debt = slavery, hedge fund collapse, housin crash, housing bubble, mortgage implosion
6 comments:
My mother always said that as a child when it came to loaning and borrowing clothes. It seemed absurd at the time yet as I grew older I understood more and that it wasn't the clothes but the concept. She grew up during the Great Depression and sewed much of her own clothing so I can understand why she extended the idea so far down the food chain or so to speak. I don't borrow or lend now but I still share.
Shoot, I'm worried the little ol' lady at the end of the block robs me!!!!!
I like the Gilligan's Island version better:
"Neither a borrower nor a lender be,
never forget, stay out of debt,
think twice, and take this good advice from me,
guard that ol' solvency,
there is one other thing, that you must do,
to thine own self be true"
makes sense to me.
greenspan said get a variable rate housing loan,oh for shame
Don't you know that you already ARE a debtor?
Or have you already sent in your $ 30K?
http://www.brillig.com/debt_clock/
Gilligan's island...great episode!
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