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Owe your banker £1k you are at his mercy; owe him £1m the position is reversed (2019)
John Maynard Keynes? Paul Bareau? John Paul Getty? Anonymous? Dear Quote Investigator: The relationship between bankers and borrowers is symbiotic and occasionally counter-intuitive. Here is a pertinent adage: If you owe the bank $100, that’s your problem; if you owe the bank $100 million, that’s the bank’s problem.
Quote Investigator: The earliest strong match known to QI occurred in a memo that Keynes circulated to the British War Cabinet in 1945; however, the attribution was anonymous. In 1942 H. L. Mencken included a thematically related adage in his remarkable compendium “A New Dictionary of Quotations on Historical Principles from Ancient and Modern Sources” Many thanks to Rand Hartsell of the University of Illinois, Urbana-Champaign for precisely locating and verifying the citation in the “Journal of the Insurance Institute of London”.)
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