Quotes About Default

Latin American republics were among the first to discover that it was relatively painless to default when a substantial proportion of bondholders were foreign.

there is nothing safer than lending money to people with property. Why? Because if they default on the loan, you can repossess the house. Even if they run away

The imposition of British rule (as in Egypt in 1882) practically amounted to a 'no default' guarantee; the only uncertainty investors had to face concerned the expected duration of British rule.

They achieved this by learning a crucial lesson: in finance small is seldom beautiful. By making their bank bigger and more diversified than any previous financial institution, they found a way of spreading their risks. And by engaging in currency trading as well as lending, they reduced their vulnerability to defaults.

non-Western countries had, until quite recently, highly unreliable legal systems and differing accounting rules. If a foreign trading partner decided to default on its debts, there was little that an investor situated on the other side of the world could do. In the first era of globalization, the solution to this problem was brutally simple but effective: to impose European rule.

This meant that when Germany defaulted on a series of loans in the early 1930s, Dillon, Read and its major partners had already taken their share of the spoils, while the smaller investors who had bought these bonds lost tens of millions of dollars.

It was sadness, lostness, and the worst thing about it was the way it seemed like a default—like it was there all the time, and all her other expressions were just an array of masks she used to cover it up.

If you could really insure banks and other lenders against default risk, that might well unleash a great wave of capital into the economy.

I do three weeks at the Hall of Justice Jail. It's a potent crime primer. I'm the geek that all the pro thugs disdain. I observe them up close. It's the '60s. It's social-grievance-as-justification-for-bad-actions time. My cellmates have sadness raps down. I gain a notch on my crime-as-continuing-circumstance notion. Crime is large-scale individual moral default. That means you, motherfucker.

Default choices often remain unchanged for no reason other than being the default, either because of this lack of information or humans' status quo bias.

Part of being an artist is that you are achingly self-conscious about every aesthetic decision you make, and taste is at its most powerful when it's a default, unconscious decision because that's when all the influence of your childhood and background and society comes into play.

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.

After everyone has had a chance to bluster, posture, and pontificate, we are left with one basic question: under any foreseeable circumstance, would it be in our national interest to default on our debt? The answer is unequivocally no.

I must never equate the degree of pain as evidencing the incorrectness of a decision, for if I do I will default on some of the most critical decisions I should have ever made.

One meaningful distinction between high and popular culture, is that there's way more good popular culture - because its standards of quality are more forgiving, because sobriety isn't its default mode, because there's so damn much of it.

Part of the reason forward-thinking media networks like Twitter succeed is because people3 want to believe that every immaterial thing they do is pertinent by default; it's interesting because it happened to them, which translates as interesting to all.

For this survival type, anger tends to be the default emotion; it is easily accessible and used to intimidate others.

The United States has never prioritized or failed to pay any obligation when due during a debt limit impasse. Despite the institutional risks and the lack of clear legal authority, we assume that Treasury will attempt to prioritize payments in a last-ditch effort to avoid default.

Optimism has always been an undeclared policy of human culture- one that grew out of our animal instincts to survive and reproduce- rather than an articulated body of thought. It is the default condition of our blood and cannot be effectively questioned by our minds or put in grave doubt by our pains. This would explain why at any given time there are more cannibals than philosophical pessimists.

This moment, the three of them together, it was her default fantasy—always in the back of her mind. But she'd forbidden herself to think it was attainable. After all, was it ever possible to really have it all?

There's no time, place, or purpose of a government shutdown or default.

I became captain after playing 17 years for India so probably I became captain by default because nobody else wanted it.

Everybody should be normal. Everybody should be nice. I think they go hand in hand, and that to me is the default setting.

Conflict is not inevitable, but disarmament is... everyone now accepts that if there is a default by Saddam the international community must act to enforce its will.