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" There's a feeling among some people that the Republican party is harsh on some things. "
Paul Singer
Party
People
Feeling
Related Quotes:
" The bottom line is that the euro is a failed experiment. "
Paul Singer
Bottom Line
Line
Bottom
" 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. "
Paul Singer
Special
Time
World
" Derivatives trading should be standardized and as much as possible moved to clearinghouses. "
Paul Singer
Possible
Much
Standardized
" 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. "
Paul Singer
Impossible
Health
Financial
" What would a loss of confidence in the dollar actually look like? Gold going absolutely nuts. "
Paul Singer
Like
Nuts
Look
" 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. "
Paul Singer
Time
Management
Money
" The Orderly Liquidation Authority prescribed by Dodd-Frank should be repealed and replaced by an amendment to the U.S. Bankruptcy Code which would operate to prevent cross-default provisions from impacting derivatives books so long as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. "
Paul Singer
Authority
Books
Fashion
" Governments need to be authorized to provide 'open bank assistance.' The convolutions of Dodd-Frank aimed at 'avoiding' this tactic are ludicrous and will prove to be extremely costly to the system. "
Paul Singer
Bank
Will
System
" Individual liberty, the basic underpinning of American society, requires constant defense against the encroachment of the state. "
Paul Singer
American
Society
Liberty
" A great deal of stupidity has chipped away at the massive advantages of Western civilization, which could terminally decline if it remains on the current path. But these problems can be solved - and swiftly - if the right leaders emerge. "
Paul Singer
Path
Stupidity
Right
" Imagine how much capital a country like Argentina might attract - if instead of defaulting seriatim and affecting a pose of anger toward creditors, it borrowed responsibly and honored its obligations. "
Paul Singer
Anger
Like
How
" I know people who are always freeriders and will never get into a fight. "
Paul Singer
Know
Always
Fight
" America is a place where the freedom to be who you are shouldn't be a barrier to your ability to get a job and provide for your family. "
Paul Singer
America
Family
Freedom
" The world, in terms of choices available to educated, ambitious workers and entrepreneurs, is way bigger than just the United States, Japan and Europe. "
Paul Singer
Bigger
Choices
Educated
" In government, the forces of risk-aversion and constant conflict serve to stultify and narrow the range of ideas up for debate. "
Paul Singer
Government
Up
Debate
" So many people, including stark conservatives, have family members and close friends who are gay. "
Paul Singer
Family
People
Many
" 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. "
Paul Singer
Way
Safe
People
" Opacity on extreme levels is not addressed anywhere, including Dodd-Frank. "
Paul Singer
Anywhere
Extreme
Including
" If you want an alternative currency, check out gold. It has stood the test of thousands of years as a store of value and medium of exchange. "
Paul Singer
Want
Currency
Gold
" Stability is not the way of the world. "
Paul Singer
Stability
World
Way
" Successful hedge funds will be entrepreneurial; it is the essence of the craft. "
Paul Singer
Will
Craft
Successful
" The building block of every community is family. "
Paul Singer
Community
Block
Building
" I'm rarely optimistic. "
Paul Singer
Rarely
Optimistic
" 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. "
Paul Singer
Long
True
Policy
" 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. "
Paul Singer
Promises
Balance
Budget
" It is a very bad idea for governments to create arbitrary and unfair outcomes, or outcomes resulting from the passions and whims of the government rather than from the law, just because they have the power to do so. "
Paul Singer
Law
Create
Bad
" 'Inequality' has become the political theme/slogan of our time in both Europe and the U.S., yet political leaders do not even bother to consider that their own policies, which put the entire burden on central bankers to print money and drive up stock, bond and other asset prices, are actually exacerbating income and wealth disparity. "
Paul Singer
Own
Time
Bond
" While many of Mr. Obama's ideas warrant skepticism, conservative opposition to any expanded role for government is a mistake. "
Paul Singer
Ideas
Mistake
Conservative
" Resentment is not morally superior to earning money. "
Paul Singer
Superior
Resentment
Earning
" Given the typical fee structures of hedge funds, they need to do something different to make money in a consistent way. "
Paul Singer
Need
Way
Consistent