--- title: "Meaning & Key Takeaway of: To the extent that people overpay as a…" description: "\"To the extent that people overpay as a result of the Libor manipulation, they should be able to get their money back. Individuals who have mortgages, p..." image: "https://sms4smile.com/quotes/i/db2/peter-welch-23209_able_to-the-extent-that-people-overpay-as-a-r_1565888.jpg" --- # To the extent that people overpay as a result of the Libor… ![“To the extent that people overpay as a result of the Libor manipulation, they should be able to get their money back. Individuals who have mortgages, pension funds who had pensioner investments - whoever was ripped off is entitled to get their money back.” quote by Peter Welch](https://sms4smile.com/quotes/i/db2/peter-welch-23209_able_to-the-extent-that-people-overpay-as-a-r_1565888.jpg) [Download](https://sms4smile.com/quotes/i/db2/peter-welch-23209_able_to-the-extent-that-people-overpay-as-a-r_1565888.jpg) [Open image](https://sms4smile.com/quotes/i/db2/peter-welch-23209_able_to-the-extent-that-people-overpay-as-a-r_1565888.jpg) > “To the extent that people overpay as a result of the Libor manipulation, they should be able to get their money back. Individuals who have mortgages, pension funds who had pensioner investments - whoever was ripped off is entitled to get their money back.” [Peter Welch](https://sms4smile.com/quotes/author/peter-welch/) ## About This Quote This interpretation was drafted with AI assistance. It is one reading of the quote, not the author's own explanation. Those harmed by Libor manipulation deserve restitution for financial losses suffered. **In simple terms:** Victims should be compensated. Key Takeaway Seek restitution for losses. Themes justice financial ethics consumer rights Mood concerned determined Type policy advocacy When to use this quote - mortgage borrowers - pension fund members - investors - legal claims Key Concepts Regulation accountability restitution Questions to Reflect On - How can affected individuals effectively claim restitution? - What reforms prevent future manipulation? A Different Perspective Legal processes can be lengthy and compensation may be limited. ★ ★ ★ ★ ★ No ratings yet [Customer](https://sms4smile.com/quotes/about/customer/) [Individual](https://sms4smile.com/quotes/about/individual/) [Investing](https://sms4smile.com/quotes/about/investing/) [Investment](https://sms4smile.com/quotes/about/investment/) [Manipulation](https://sms4smile.com/quotes/about/manipulation/) [Money](https://sms4smile.com/quotes/about/money/) [People](https://sms4smile.com/quotes/about/people/) ## Related quotes > [Banks were already seen as greedy and arrogant. They have now reached the depths of humiliation in the wake of the LIBOR manipulation, PPI…](https://sms4smile.com/quotes/andrea-leadsom/banks-were-already-seen-as-greedy-and-arrogant-they-have-now-reached/) [Andrea Leadsom](https://sms4smile.com/quotes/author/andrea-leadsom/) > [Overpay good baby-sitters.](https://sms4smile.com/quotes/h-jackson-brown-jr/overpay-good-baby-sitters/) [H. Jackson Brown, Jr](https://sms4smile.com/quotes/author/h-jackson-brown-jr/) > [If you have the opportunity to have the best of the artist, then if you overpay, it doesn't matter. Eventually, the market will reward…](https://sms4smile.com/quotes/norman-braman/if-you-have-the-opportunity-to-have-the-best-of-the-artist-then-if/) [Norman Braman](https://sms4smile.com/quotes/author/norman-braman/) > [“Explain the value and justify the cost - People don’t mind paying; they just don’t like to overpay.”](https://sms4smile.com/quotes/chris-murray/explain-the-value-and-justify-the-cost-people-don-t-mind-paying-they/) [Chris Murray](https://sms4smile.com/quotes/author/chris-murray/) > [Typically, when you overpay for something, you get some of that money back.](https://sms4smile.com/quotes/phil-scott/typically-when-you-overpay-for-something-you-get-some-of-that-money/) [Phil Scott](https://sms4smile.com/quotes/author/phil-scott/) > [I give them what they want. I try to give them what they want. It's like the example with Ja Rule: I overpay him.…](https://sms4smile.com/quotes/irv-gotti/i-give-them-what-they-want-i-try-to-give-them-what-they-want-it-s/) [Irv Gotti](https://sms4smile.com/quotes/author/irv-gotti/) > [Rich countries can afford to overpay for things.](https://sms4smile.com/quotes/bill-gates/rich-countries-can-afford-to-overpay-for-things/) [Bill Gates](https://sms4smile.com/quotes/author/bill-gates/) > [You need to understand their needs and see what makes them happy. When it comes to working with Ja, I asked my lawyer: if…](https://sms4smile.com/quotes/irv-gotti/you-need-to-understand-their-needs-and-see-what-makes-them-happy-when/) [Irv Gotti](https://sms4smile.com/quotes/author/irv-gotti/) > [When you overpay small people you frighten them. They know that their merits or activities entitle them to no such sums as they are…](https://sms4smile.com/quotes/ben-hecht/when-you-overpay-small-people-you-frighten-them-they-know-that-their-2/) [Ben Hecht](https://sms4smile.com/quotes/author/ben-hecht/) > [When you overpay small people you frighten them. They know that their merits or activities entitle them to no such sums as they are…](https://sms4smile.com/quotes/ben-hecht/when-you-overpay-small-people-you-frighten-them-they-know-that-their/) [Ben Hecht](https://sms4smile.com/quotes/author/ben-hecht/) > [Always overpay your taxes.That way you'll get a refund.](https://sms4smile.com/quotes/meyer-lansky/always-overpay-your-taxes-that-way-you-ll-get-a-refund/) [Meyer Lansky](https://sms4smile.com/quotes/author/meyer-lansky/) > [I always overpay or overtip when I'm upset.](https://sms4smile.com/quotes/sue-kaufman/i-always-overpay-or-overtip-when-i-m-upset/) Sue Kaufman > [I have considered the pension list of the republic a roll of honor.](https://sms4smile.com/quotes/grover-cleveland/i-have-considered-the-pension-list-of-the-republic-a-roll-of-honor/) [Grover Cleveland](https://sms4smile.com/quotes/author/grover-cleveland/) > [The implication that women work for pin money and can manage on a worse pension, presumably by relying on husbands, riles. But even more…](https://sms4smile.com/quotes/frances-o-grady/the-implication-that-women-work-for-pin-money-and-can-manage-on-a/) [Frances O'Grady](https://sms4smile.com/quotes/author/frances-o-grady/) > [Trust is about keeping commitments, but in many instances, circumstances change and organizations therefore shed commitments, things such as retiree medical benefits, pension obligations,…](https://sms4smile.com/quotes/jeffrey-pfeffer/trust-is-about-keeping-commitments-but-in-many-instances/) [Jeffrey Pfeffer](https://sms4smile.com/quotes/author/jeffrey-pfeffer/) ## More by Peter Welch > [Historically, the minority party in Congress votes against raising the debt limit, forcing the majority party to whip its members into casting politically painful…](https://sms4smile.com/quotes/peter-welch/historically-the-minority-party-in-congress-votes-against-raising-the/) [Peter Welch](https://sms4smile.com/quotes/author/peter-welch/) > [In Washington, 'delay' is too often code for 'derail.' Wink, wink.](https://sms4smile.com/quotes/peter-welch/in-washington-delay-is-too-often-code-for-derail-wink-wink/) [Peter Welch](https://sms4smile.com/quotes/author/peter-welch/) > [America pays its bills. It always has. It always will. The fact that Washington is now debating whether to honor its debts and obligations,…](https://sms4smile.com/quotes/peter-welch/america-pays-its-bills-it-always-has-it-always-will-the-fact-that/) [Peter Welch](https://sms4smile.com/quotes/author/peter-welch/) > [Last night, I had a telephone townhall for my constituents back in Vermont, and we had 11,500 people on it. And I had people…](https://sms4smile.com/quotes/peter-welch/last-night-i-had-a-telephone-townhall-for-my-constituents-back-in/) [Peter Welch](https://sms4smile.com/quotes/author/peter-welch/) > [The rhetoric on the Hill is getting very heated and it's getting quite dangerous. The gun is at the head of the American economy…](https://sms4smile.com/quotes/peter-welch/the-rhetoric-on-the-hill-is-getting-very-heated-and-it-s-getting/) [Peter Welch](https://sms4smile.com/quotes/author/peter-welch/) > [Home Star is a common sense idea that would create jobs and provide a boost to local economies, while helping families afford their energy…](https://sms4smile.com/quotes/peter-welch/home-star-is-a-common-sense-idea-that-would-create-jobs-and-provide-a/) [Peter Welch](https://sms4smile.com/quotes/author/peter-welch/) > [The potential for Home Star to create jobs is proven and real. In Vermont, our statewide energy efficiency utility, Efficiency Vermont, created more than…](https://sms4smile.com/quotes/peter-welch/the-potential-for-home-star-to-create-jobs-is-proven-and-real-in/) [Peter Welch](https://sms4smile.com/quotes/author/peter-welch/) > [Last year, Congress passed a law that directs the Federal Reserve to set limits on debit card swipe fees that are reasonable and proportional…](https://sms4smile.com/quotes/peter-welch/last-year-congress-passed-a-law-that-directs-the-federal-reserve-to/) [Peter Welch](https://sms4smile.com/quotes/author/peter-welch/) > [If you ask the question of Americans, should we pay our bills? One hundred percent would say yes. There's a significant misunderstanding on the…](https://sms4smile.com/quotes/peter-welch/if-you-ask-the-question-of-americans-should-we-pay-our-bills-one/) [Peter Welch](https://sms4smile.com/quotes/author/peter-welch/) > [I represent a rural state and live in a small town. Small merchants make up the majority of Vermont's small businesses and thread our…](https://sms4smile.com/quotes/peter-welch/i-represent-a-rural-state-and-live-in-a-small-town-small-merchants/) [Peter Welch](https://sms4smile.com/quotes/author/peter-welch/) > [One of the things I give Nancy Pelosi a lot of credit for is that she's able to get things passed and hold her…](https://sms4smile.com/quotes/peter-welch/one-of-the-things-i-give-nancy-pelosi-a-lot-of-credit-for-is-that-she/) [Peter Welch](https://sms4smile.com/quotes/author/peter-welch/) > [We urge the Department of Justice to carefully investigate and aggressively prosecute all senior bank officials who participated in manipulating the London interbank offered…](https://sms4smile.com/quotes/peter-welch/we-urge-the-department-of-justice-to-carefully-investigate-and/) [Peter Welch](https://sms4smile.com/quotes/author/peter-welch/) > [If I tried to shout over my older brother, my mother told me keep quiet. If I tried to shout over my little sister,…](https://sms4smile.com/quotes/peter-welch/if-i-tried-to-shout-over-my-older-brother-my-mother-told-me-keep/) [Peter Welch](https://sms4smile.com/quotes/author/peter-welch/) > [I favor the extension of the middle-class tax cuts because in a recession they're stimulative and they help with demand.](https://sms4smile.com/quotes/peter-welch/i-favor-the-extension-of-the-middle-class-tax-cuts-because-in-a/) [Peter Welch](https://sms4smile.com/quotes/author/peter-welch/) > [You know, I think when you are unemployed, especially for a long time, it's hard to be inspired or hopeful almost about anything. So…](https://sms4smile.com/quotes/peter-welch/you-know-i-think-when-you-are-unemployed-especially-for-a-long-time/) [Peter Welch](https://sms4smile.com/quotes/author/peter-welch/) [Explore all 26 Peter Welch quotes ](https://sms4smile.com/quotes/author/peter-welch/) ## More Able quotes > [I am certain that children always know more than they are able to tell, and that makes the big difference between them and adults,…](https://sms4smile.com/quotes/jacques-lusseyran/i-am-certain-that-children-always-know-more-than-they-are-able-to/) [Jacques Lusseyran](https://sms4smile.com/quotes/author/jacques-lusseyran/) > [I have observed this in my experience of slavery, - that whenever my condition was improved, instead of its increasing my contentment, it only…](https://sms4smile.com/quotes/frederick-douglass/i-have-observed-this-in-my-experience-of-slavery-that-whenever-my/) [Frederick Douglass](https://sms4smile.com/quotes/author/frederick-douglass/) > [There is something about the South that accepts the supernatural. If you don't accept it and you're having a conversation with someone who does,…](https://sms4smile.com/quotes/alice-englert/there-is-something-about-the-south-that-accepts-the-supernatural-if/) [Alice Englert](https://sms4smile.com/quotes/author/alice-englert/) > [In the '80s, the way radio was programmed, if you didn't have a hit record you weren't going to be able to make any…](https://sms4smile.com/quotes/huey-lewis/in-the-80s-the-way-radio-was-programmed-if-you-didn-t-have-a-hit/) [Huey Lewis](https://sms4smile.com/quotes/author/huey-lewis/) > [I think I've had the longest career of strength, focus, and still being able to sell records. I think I'm that guy. I'm still…](https://sms4smile.com/quotes/nas/i-think-i-ve-had-the-longest-career-of-strength-focus-and-still-being/) [Nas](https://sms4smile.com/quotes/author/nas/) > [I have that need in me, I want everyone to love me, but I'm embarrassed by that need, so I wanted to cover it…](https://sms4smile.com/quotes/anthony-jeselnik/i-have-that-need-in-me-i-want-everyone-to-love-me-but-i-m-embarrassed/) [Anthony Jeselnik](https://sms4smile.com/quotes/author/anthony-jeselnik/) > [Thinking about the things that happened, I don't know any other ball player would could have done what he (Jackie Robinson) did. To be…](https://sms4smile.com/quotes/pee-wee-reese/thinking-about-the-things-that-happened-i-don-t-know-any-other-ball/) [Pee Wee Reese](https://sms4smile.com/quotes/author/pee-wee-reese/) > [I wanted to remember in order to be able to return.](https://sms4smile.com/quotes/anais-nin/i-wanted-to-remember-in-order-to-be-able-to-return/) [Anais Nin](https://sms4smile.com/quotes/author/anais-nin/) > [Government schools, with your tax money, now discourage the teaching of multiplication tables by rote memorization but teach reading by the 'look-and-say' method which…](https://sms4smile.com/quotes/greg-perry/government-schools-with-your-tax-money-now-discourage-the-teaching-of/) Greg Perry > [I don't know if I would qualify as mainstream. I think I have managed to function pretty successfully on the fringes of the music…](https://sms4smile.com/quotes/pat-metheny/i-don-t-know-if-i-would-qualify-as-mainstream-i-think-i-have-managed/) [Pat Metheny](https://sms4smile.com/quotes/author/pat-metheny/) > [What we're supposed to do as actors is be able to portray real human beings and emotions. And if you grow up in this…](https://sms4smile.com/quotes/emily-browning/what-we-re-supposed-to-do-as-actors-is-be-able-to-portray-real-human/) [Emily Browning](https://sms4smile.com/quotes/author/emily-browning/) > [The reason that Apple is able to create products like iPad is because we always try to be at the intersection of technology and…](https://sms4smile.com/quotes/steve-jobs/the-reason-that-apple-is-able-to-create-products-like-ipad-is-because/) [Steve Jobs](https://sms4smile.com/quotes/author/steve-jobs/) > [It was an important period for us, because even though we weren't a "punk band", and what became a model for a punk band,…](https://sms4smile.com/quotes/stephen-mallinder/it-was-an-important-period-for-us-because-even-though-we-weren-t-a/) [Stephen Mallinder](https://sms4smile.com/quotes/author/stephen-mallinder/) > [- You look fine. - Right. I look fine. Except I don't, said Zora, tugging sadly at her man's nightshirt. This was why Kiki…](https://sms4smile.com/quotes/zadie-smith/you-look-fine-right-i-look-fine-except-i-don-t-said-zora-tugging/) [Zadie Smith](https://sms4smile.com/quotes/author/zadie-smith/) > [There is a way to be a woman, ask for what we deserve and be able to negotiate.](https://sms4smile.com/quotes/tracee-ellis-ross/there-is-a-way-to-be-a-woman-ask-for-what-we-deserve-and-be-able-to/) [Tracee Ellis Ross](https://sms4smile.com/quotes/author/tracee-ellis-ross/) Browse all 17,257 Able quotes ```json { "@context": "https://schema.org", "@graph": [ { "@type": "Quotation", "text": "To the extent that people overpay as a result of the Libor manipulation, they should be able to get their money back. Individuals who have mortgages, pension funds who had pensioner investments - whoever was ripped off is entitled to get their money back.", "creator": { "@type": "Person", "name": "Peter Welch" }, "isPartOf": { "@id": "https://sms4smile.com/quotes/#website" }, "url": "https://sms4smile.com/quotes/peter-welch/to-the-extent-that-people-overpay-as-a-result-of-the-libor/", "about": { "@type": "Thing", "name": "Able" }, "@id": "https://sms4smile.com/quotes/peter-welch/to-the-extent-that-people-overpay-as-a-result-of-the-libor/#quotation", "image": { "@type": "ImageObject", "@id": "https://sms4smile.com/quotes/i/db2/peter-welch-23209_able_to-the-extent-that-people-overpay-as-a-r_1565888.jpg", "contentUrl": "https://sms4smile.com/quotes/i/db2/peter-welch-23209_able_to-the-extent-that-people-overpay-as-a-r_1565888.jpg", "url": "https://sms4smile.com/quotes/i/db2/peter-welch-23209_able_to-the-extent-that-people-overpay-as-a-r_1565888.jpg", "width": 1080, "height": 1080, "caption": "“To the extent that people overpay as a result of the Libor manipulation, they should be able to get their…” — Peter Welch", "creditText": "SMS4Smile Quotes", "creator": { "@id": "https://sms4smile.com/quotes/#organization" } } }, { "@type": "BreadcrumbList", "itemListElement": [ { "@type": "ListItem", "position": 1, "name": "Home", "item": "https://sms4smile.com/" }, { "@type": "ListItem", "position": 2, "name": "Quotes", "item": "https://sms4smile.com/quotes/" }, { "@type": "ListItem", "position": 3, "name": "Peter Welch", "item": "https://sms4smile.com/quotes/author/peter-welch/" }, { "@type": "ListItem", "position": 4, "name": "To the extent that people overpay...", "item": "https://sms4smile.com/quotes/peter-welch/to-the-extent-that-people-overpay-as-a-result-of-the-libor/" } ], "@id": "https://sms4smile.com/quotes/peter-welch/to-the-extent-that-people-overpay-as-a-result-of-the-libor/#breadcrumb" }, { "@type": "WebSite", "@id": "https://sms4smile.com/quotes/#website", "name": "SMS4Smile Quotes", "url": "https://sms4smile.com/quotes/", "publisher": { "@id": "https://sms4smile.com/quotes/#organization" } }, { "@type": "Organization", "@id": "https://sms4smile.com/quotes/#organization", "name": "SMS4Smile Quotes", "url": "https://sms4smile.com/quotes/", "logo": { "@type": "ImageObject", "url": "https://sms4smile.com/quotes/wp-content/themes/sq/assets/icons/icon-512.png", "width": 512, "height": 512 } } ] } ```