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Strategies & Market Trends : Currencies and the Global Capital Markets
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To: Henry Volquardsen who wrote (893)10/14/1998 10:54:00 AM
From: Sam  Read Replies (3) of 3536
 
Henry,
"There is an old saying in banking 'If you a bank a million dollars and can't pay you have a problem, if you owe them a billion dollars and can't pay they have a problem'."
Fred Smith, the founder of FedEx, told a slightly different version of that saying. When he was bleeding--pouring--red ink in the early years, he said he learned that when you borrow a little money and can't pay it back, the banks are angry creditors, but when you can't pay back a LOT of money, the banks become worried partners.

s.
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