Dickens wrote: “Credit is a system whereby a person who can’t pay gets another person who can’t pay to guarantee that he can pay.” (See MBIA and AIG.)
Alexander Pope:
“Blest paper-credit! last and best supply!
That lends corruption lighter wings to fly.”
(See Bernard Madoff and others.)
Anthony Trollope: “Credit is a matter so subtle in its essence, that, as it may be obtained almost without reason, so, without reason, may it be made to melt away.”
(See booms and busts.)
