Quotes For Credit Default Swaps

#1. I do believe CDSs [credit default swaps] have been miscast, much as poor workmen tend to blame their tools.

Blythe Masters

#2. If you pay attention to where your exposures are, you might tend up buying credit default swaps against a variety of people that you - companies that you deal with.

Robert F. Engle

#3. As the financial experts all over the world use machines to unwind Gordian knots of financial arrangements so complex that only machines can make - 'derive' - and trade them, we have to wonder: Are we living in a bad sci-fi movie? Is the Matrix made of credit default swaps?

Richard Dooling

#4. 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.

Robert F. Engle

#5. Countries are not like financial markets. Social change cannot be executed as swiftly as credit-default swaps. You cannot sell short on social commitments and practical responsibilities.

George Papandreou

#6. Credit-default swaps, I think, have serious problems associated with them.

Alan Greenspan

#7. 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.

Daniel L. Doctoroff

#8. So what is the role that credit default swaps can play in an economy? Well my feeling is that if these things actually will now be traded on either exchanges or some kind of central clearing, they are going to be a very good measure of the credit worthiness of different companies.

Robert F. Engle

#9. 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.

Jeff Greene

#10. The apostles were moved, not so much by an intellectual apprehension, as by a spiritual illumination. They met men, and the need of those men whom they met cried aloud to them.

Roland Allen

#11. There is little that can withstand a man who can conquer himself.

Louis XIV

#12. The line between passionate and crazy can be a thin one.

Linda Sue Park

#13. They had stumbled either upon a serious flaw in modern financial markets or into a great gambling run. Characteristically, they were not sure which it was. As Charlie pointed out, It's really hard to know when you're lucky and when you're smart.

Michael Lewis

#14. If you are willing to admit faults, you have one less fault to admit.

Mitchell Symons

#15. Both had trouble generating conviction of their own but no trouble at all reacting to what they viewed as the false conviction of others.

Michael Lewis

#16. Genius is often mistaken for idiocy, when perception is blurred by conformity

Jerry Guthrie