Problem with Money

If you owe the bank $100, that's your problem. If you owe the bank $100 million, that's the bank's problem. -- John Paul Getty

It's unfortunate that the reality of big government makes this not really true. Here's my update:
  1. Borrow 100K, it is the borrower's problem.
  2. Borrow a few million, it is the bank manager's problem.
  3. Borrow a few billion, it is the bank's problem.
  4. Borrow a few trillion, it is the taxpayers' problem.
[The idea started with CentralBanker's comment @ housing bubble blog, which I've reword it and then found Getty's quote via google afterwards.]

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