Quotes About Default

Main Street investors, who cannot trade credit default swaps, should not be tempted to trade an instrument with the same risk profile simply because it has been given a different name.

Millions of Americans were duped by the federal government and the Federal Reserve into buying homes they could not afford and failed to count the cost. When the financial crisis of 2008 hit, they could not keep up the monthly mortgage payments and defaulted.

A credit derivative, at its core, is actually a very simple concept... The simplest way to think of a credit derivative is it is analogous to insurance against the risk of a credit default by your counterparty, your business counterpart.

Fur is my default, my indulgence. All human beings and myself have a lot of defaults. Many indulgences.

Every time I lock my people in a spacecraft or land them on an asteroid, the blood wells up again, and I'm writing horror. Horror's my default setting. It's also where I prefer to write.

Trailer home borrowers, mostly near the bottom of the economic ladder, often default on their loans.

Greece was born in a state of economic default and international receivership.

The "consumer loan" piles that Wall Street firms, led by Goldman Sachs, asked AIG FP to insure went from being 2 percent subprime mortgages to being 95 percent subprime mortgages. In a matter of months, AIG FP, in effect, bought $50 billion in triple-B-rated subprime mortgage bonds by insuring them against default.

He didn't worry about how screwed-up the market for some security became because he knew that eventually it would be disciplined by logic: Businesses either thrived or failed. Loans either were paid off or were defaulted upon.

Subprime borrowers tended to be one broken refrigerator away from default. Few

There are a lot of really crappy bonds in these CDOs,'" said Charlie. They didn't realize yet that the bonds inside their CDOs were actually credit default swaps on the bonds, and so their CDOs weren't ordinary CDOs but synthetic CDOs, or that the bonds on which the swaps were based had been handpicked by Mike Burry and Steve Eisman and others betting against the market. In many ways, they were still innocents.

And then there is the ego, perhaps the most formidable creation of the default mode network, which strives to defend us from threats both internal and external.

The default mode of modern writing about art is to despise any notion of singularity as so much overheated genius-fetishism.

After the 1980s, most banks refused to do business with him because he had defaulted on hundreds of millions of dollars in loans; only Deutsche Bank was willing to lend him funds. During the 1990s and early 2000s, his organization filed for bankruptcy six times. He used the bankruptcies and other techniques to avoid paying income taxes for almost eighteen years.

I was able to use credit default swaps to protect not only my investments but the hundreds of jobs that exist because of my investment. I understand the dangers of credit default swaps and the benefits of credit default swaps.

When unconscious storytelling becomes out default, we often keep tripping over the same issue, staying down when we fall, and having different versions of the same problem in our relationships--we've got the story on repeat. Burton explains that our brains like predictable storytelling. He writes, "In effect, well-oiled patterns of observation encourage our brains to compose a story that we expect to hear.

once heard Anne Lamott say, "Help is the sunny side of control." Yes and yikes. All of us who were raised taking care of other people and trying to manage environments can default to wanting to control the path, regardless of our great intentions.

What is more accurate is that unconscious gating defaults act in concert with environmental and cognitive demands and the needs of the cerebral cortex and thus are continually in flux depending on circumstances and environmental inputs.

No one wants a default, or to slam the door in the IMF's face.

In nature health is the default," he pointed out. "Most of the time pests and disease are just nature's way of telling the farmer he's doing something wrong.

In one celebrated incident, an analyst who had the chutzpah to recommend that Trump's Taj Mahal bonds be sold because they were unlikely to pay their interest was summarily fired by his firm after threats of legal retaliation from "The Donald" himself. (Later, the bonds did default.)

research analysts were increasingly paid to be bullish rather than accurate. In one celebrated incident, an analyst who had the chutzpah to recommend that Trump's Taj Mahal bonds be sold because they were unlikely to pay their interest was summarily fired by his firm after threats of legal retaliation from "The Donald" himself. (Later, the bonds did default.)

Humour is our 'default mode', if you like: we do not have to switch it on deliberately, and we cannot switch it off.

Likewise, rather than focusing by default on how to increase economic activity, ask how the content and structure of that activity might be shaping society, politics and power.