Paul Singer Quotes

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Paul Singer

Profession : Businessman

Birth : August 22, 1944

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

The building block of every community is family.

Paul Singer

Derivatives trading should be standardized and as much as possible moved to clearinghouses.

Paul Singer

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

Capital is kind of a banking concept.

Paul Singer

Creating a regulatory system that reflects the modern-day realities of financial markets is not as difficult as it may appear.

Paul Singer

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

Today, even small entities that trade complex instruments or are granted sufficient leverage can threaten the global financial system.

Paul Singer

Successful hedge funds will be entrepreneurial; it is the essence of the craft.

Paul Singer

While many of Mr. Obama's ideas warrant skepticism, conservative opposition to any expanded role for government is a mistake.

Paul Singer

Resentment is not morally superior to earning money.

Paul Singer

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

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

The Orderly Liquidation Authority prescribed by Dodd-Frank should be repealed and replaced by an amendment to the U.S. Bankruptcy Code which would operate to prevent cross-default provisions from impacting derivatives books so long as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

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

Credit ratings and risk weightings must undergo a thorough process of review and revision. No security or instrument on the planet should have a zero risk weighting.

Paul Singer

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

You have got to welcome and embrace complexity.

Paul Singer

I know people who are always freeriders and will never get into a fight.

Paul Singer

There is no more reason to believe that Bitcoin will stand the test of time than that governments will protect the value of government-created money, although Bitcoin is newer, and we always look at babies with hope.

Paul Singer