Quotes About Default

Credit default swap gives you something to do. You can buy some credit default swaps from them to protect yourself against the bankruptcy of people who owe you money.

Let's stop kidding ourselves that Greek debt is the Euro's key problem. With Greece gone, who's next ?

I acted when I was a real little kid. My mother was an actress in a Miami theater company comprised of actors from Cuba like her and I was the default kid.

Can you imagine a life with no fear? What if faith, not fear, was your default reaction to threats?

It is of note that for a long time moral nihilism was a kind of unquestioned default position in analytic moral philosophy.

Bad design is the default mode, since it takes the least effort to create.

Scholars tend to demand clear and irrefutable evidence for the existence of democratic institutions of any sort in the distant past. It's striking how they never demand comparably rigorous proof for top-down structures of authority. These latter are usually treated as a default mode of history: the kind of social structures you would simply expect to see in the absence of evidence for anything else.

Freedom and liberty lose out by default because good people are not vigilant.

A default of the US government would not only be very harmful here, it would probably send the country back into deep recession, but it just might crash the international financial system.

We're not going to default. We just won't default. I mean, there are ways of not defaulting even if you don't raise the debt ceiling, and even if you don't fund the government.

The fact is that in a way, journalists become a kind of default in the system when you don't have substantive two-party back-and-forth inside of the government.

Happiness is the default state of mind, lets reconfigure to reach the default state !

I think anybody who's doing work in their teen years on TV or in the movies, you're a teen idol by default.

Credit default swap is basically just an agreement that I have with you, where I sell you insurance on some bond you own. If the bond goes belly up, I promise to pay you. And as long as the bond doesn't go belly up, you pay me for selling you insurance.

Over and over again, financial experts and wonkish talking heads endeavor to explain these mysterious, 'toxic' financial instruments to us lay folk. Over and over, they ignobly fail, because we all know that no one understands credit default obligations and derivatives, except perhaps Mr. Buffett and the computers who created them.

First, never underestimate the power of inertia. Second, that power can be harnessed. If private companies or public officials think that one policy produces better outcomes, they can greatly influence the outcome by choosing it as the default.

Hundreds of studies confirm that human forecasts are flawed and biased. Human decision making is not so great either. Again to take just one example, consider what is called the "status quo bias," a fancy name for inertia. For a host of reasons, which we shall explore, people have a strong tendency to go along with the status quo or default option.

We believe that it is very important that we have hopefully averted what would have been the most substantial headwind of all, which is a default for the first time in our history, and that that will contribute to a more positive environment that we hope will allow for greater growth and job creation.

China wants control, and China will get control. That's their default modus operandi. Crypto-Tech is no different than the Internet and Web businesses.

There's no possibility that Argentina will fall into default if I'm president.

Neuroscientists know now that bad habits have a physical existence in the structure of the brain; they become the default circuits when we are faced with temptation.

It's just I finally get what revolution means. It's maximum volatility with no hedging. And it's insider trading too! Because, since I know in advance you're going to default your people, I can buy put options up the wazoo before the IPPI goes down! It's totally illegal! I finally get why revolution is illegal.

After being raised as an evangelical Christian, I for years assumed that Christianity was the default - there were Christians, and then there were weirdos. I was shocked when, in college, I found that some people get offended when you tell them, for instance, that their recovery from surgery was a 'miracle.'

You wouldn't want to underestimate the perfidy of the government. I have no doubt that the government will need to increase revenues substantially to avoid default on either debt or social welfare promises. How they will increase those revenues, I can't predict.