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An online lender to small businesses, the Manhattan outfit learned in a tense conference call that the hedge fund providing all of its capital was cutting it off in the face of investor redemptions.
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It was in his own interest, cutting your nose off to spite your face is not always the best solution.
BBC: Wales manager John Toshack
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There's standing on principle, Swayne says, and then there's cutting off your nose to spite your face.
NPR: For Some, Civil Unions Gain Second-Class Stigma
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The deputy first minister accused the UK government of being in danger of "cutting off their nose to spite their face".
BBC: Scottish money
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For investors, bailing on dividend stocks for fear of higher taxes is a bit like cutting off your nose to spite your face.
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While in community college, a driver who accused him of cutting him off pointed a gun in his face, threatened to shoot him, and then drove away.
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However, it is cutting off your nose to spite your face, because refusing to raise the debt ceiling would be consigning the economy potentially to another recession, certainly to reducing growth and job creation -- to the kinds of eventualities that would precisely -- would do the most damage to the cause of creating jobs and growing the economy.
WHITEHOUSE: Press Briefing
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Apple is perhaps the most egregious, jealously guarding its own perimeter in the most arbitrary and capricious way, and even, in the case of pulling Google maps off the iPhone, going to the extent of cutting off its own nose to spite its face.
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