A Quote by Clare Rewcastle Brown
Exposing the world's biggest financial heist, the so-called 1MDB scandal, turned out to be an adventure in more ways than one.
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The financial markets tend to be just a backdrop for a novel, for a heist or something that isn't necessarily integral to it. On the whole, I don't think the financial world has been well served by novels.
Apparently modern financial regulators are vastly more sophisticated than we were as financial regulators 25 years ago - because we had never figured out that the key to financial stability was leaving felons in charge of the largest financial institutions in the world.
I finally felt myself lifted definitively away on the winds of adventure toward worlds I envisaged would be stranger than they were, into situations I imagined would be much more normal than they turned out to be.
I think scandal probably attracted more American attention to Formula 1 than anything else in American news in decades. And that`s because it was a sex scandal, a particularly lurid sex scandal involving this guy Max Mosley.
Today, if you look at financial systems around the globe, more than half the population of the world - out of six billion people, more than three billion - do not qualify to take out a loan from a bank. This is a shame.
The secret of adventure, then, is not to carefully seek it out but to travel in such a way that it finds you. To do this, you first need to overcome the protective habits of home and open yourself up to unpredictability. As you begin to practice this openness, you'll quickly discover adventure in the simple reality of a world that defies your expectations. More often than not, you'll discover that “adventure” is a decision after the fact-a way of deciphering an event or an experience that you can't quite explain.
The day the world ends, no one will be there, just as no one was there when it began. This is a scandal. Such a scandal for the human race that it is indeed capable collectively, out of spite, of hastening the end of the world by all means just so it can enjoy the show.
Some of these biggest financial institutions are out there trading in commodities. They're buying oil tankers. This is not a financial system that has calmed down and is there to serve the American people.
'Tower Heist?' That is a movie that it's hard not to name-drop, but, it's a crew of five, and it's Ben Stiller, Eddie Murphy, me, Matthew Broderick, and Casey Affleck. And we're like, on a heist.
I started out writing when I was young; stuff about exposing the truth about how people are not what they appear, about how they are much more dysfunctional than they seem. Pulling back the curtain - that felt smart. But as I got older, exposing how frail people can be seems less and less deep.
It's called 'Dear White People,' but really, it's about these black characters and how they are involved or not involved in a racial scandal in ways that might surprise them and others, right?
Maybe [the Republicans] 'll find ways around it, but the financial system of the world depends very heavily on the credibility of the US Treasury Department. US Treasury securities are what's called "good as gold"; they're the basis of international finance, and if the government can't uphold them, if they become valueless, the effect on the international financial system could be quite severe. But in order to destroy a limited health-care law, the right-wing Republicans, the reactionary Republicans, are willing to do that.
Where you have complexity, by nature you can have fraud and mistakes. You'll have more of that than in a company that shovels sand from a river and sells it. This will always be true of financial companies, including ones run by governments. If you want accurate numbers from financial companies, you're in the wrong world.
At a Texas college, a football field that was turned into a farm. The Tigers of Paul Quinn College lost more football games than they won on this field. So, years ago, when the historically black college on the South Side of Dallas was in financial crisis and had a 1 percent graduation rate, a new president turned everything over, including the football field.
The industry financial advisers, on average about 85% male, tends to be a more mature financial adviser - so I think in their 50s, really. For so many companies, in their 60s. In fact, there is one company that was telling me they had more financial advisers over the age of 80 than under the age of 30.
Because I've been so bad at looking after myself, how would I ever look after a kid? But the old cliche applied: they handed her to me, and my world turned upside down - and I realised I was now going to be vulnerable in more ways than I expected.
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