Quotes from Paul Singer

The Congo is very wealthy from oil money but is not paying its debts and at the same time is applying for special status at the World Bank. That's shocking and disingenuous.

The Orderly Liquidation Authority prescribed by Dodd-Frank should be repealed and replaced by an amendment to the U.S. Bankruptcy Code which would operate to prevent cross-default provisions from impacting derivatives books so long as mark-to-market payments are being made in a timely fashion.

Creating a regulatory system that reflects the modern-day realities of financial markets is not as difficult as it may appear.

Today, even small entities that trade complex instruments or are granted sufficient leverage can threaten the global financial system.

What I think about derivatives is if every institution that owns or trades them is properly margined and marked to market, including end-users, including every institution, including sovereigns and multilateral institutions, then the system would be safe - if people were margined the way customers of investment banks are margined.

Derivatives trading should be standardized and as much as possible moved to clearinghouses.

Individual liberty, the basic underpinning of American society, requires constant defense against the encroachment of the state.

It is impossible to understand the financial health of big financial institutions and their potential impact on the market. They don't even understand it themselves.

There's a feeling among some people that the Republican party is harsh on some things.

Credit ratings and risk weightings must undergo a thorough process of review and revision. No security or instrument on the planet should have a zero risk weighting.

In both the U.S. and Europe, the budget and balance sheet numbers do not work. When 'off-balance sheet' promises are taken into account, the U.S. and most countries of the Euro zone are insolvent.

'What am I missing?' is a much more important question than 'How cool am I?'

Given the typical fee structures of hedge funds, they need to do something different to make money in a consistent way.

Stability is not the way of the world.

So many people, including stark conservatives, have family members and close friends who are gay.

The starting point of my career in money management in 1973-74 was the time of the only true bear market any living non-Japanese investor has seen in major markets. Equities, real estate, you name it, everyone got run over.

It's true that monetary policy was too lax for too long, and the government encouraged lending to people who were unlikely to repay their loans.

Obviously, the institution of marriage in America has utterly collapsed.

Securing for gays and lesbians the basic right to have their relationships and families recognized as part of a community makes all of our communities stronger.

What you have in legacy countries is long-term insolvency.