A Quote by Frank Rich
Of course most Americans don't know how A.I.G. brought the world's financial system to near-ruin or what credit-default swaps are. They may not even know what A.I.G. stands for. But Americans do make the connection between their fears about their own jobs and their broad understanding of the A.I.G. debacle.
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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.
I think the credit default swaps can take the place of the rating agencies who really have missed the ball in this procedure and are quite conflicted by the way the ratings are paid for. So, I would like to see credit default swaps become an evermore important way of understanding credit risk in the economy.
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?
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.
Credit-default swaps remedied the problem of open-ended risk for me. If I bought a credit-default swap, my downside was defined and certain, and the upside was many multiples of it.
Not only our political system is broken, but how we do business and have public discourse with one another. The system in Hollywood, specifically, is not depicting people of color; we're not even talking about Asian Americans or Latino Americans; we're not even getting into that question.
It's just very hard to teach a class of students about what has happened in the Global Financial Crisis, how we ended up there and how we got to where we are today, without having some basic, non-trivial understanding of the financial sector, credit, and the banking system.
Americans are good people. They have no aggressions against us and they like us as we like them. They must know I don't hate them. I love them.... I hear it is a complex society inside. Many Americans don't know about the outside world. The majority have no concern and no information about other people. They could not even find Africa on a map. I think Americans are good, but America will be taken over and destroyed from the inside by the Zionist lobby. The Americans do not see this. They are getting decadent. Zionists will use this to destroy them.
Of course I have the license to make up things, but I think a lot of what's written about China is misleading, and most Americans don't know much about China, in-depth, even though China is such a crucial business partner, rival, whatever.
I think that may be the biggest difference between Americans and people elsewhere. Unlike Americans, Canadians know that there are places just as real as Canada. It's a self-centeredness that's a very strange thing.
For all the talk about, and appeals to, Trump fans who wanted to watch the press corps bullied and bashed, most Americans don't want that. They never did. Most Americans want to know what is real and true so that they can make the best decisions for their families.
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.
Every American should be forced to live outside the United States for a year or two. Americans should be forced to see how ridiculous they appear to the rest of the world! They should listen to someone else's version of themselves--to anyone else's version! Every country knows more about America than Americans know about themselves! And Americans know absolutely nothing about any other country!
Americans need help understanding their world now more than ever. [TV] believes it's filled its obligation to the public because it's presented both sides. But most of what we're living through now has multiple sides, and those sides, if you take the extreme oppositional views, have to be brought together for people to make a decision about how to act on the information.
Most Americans have no real understanding of the operation of the international money lenders. The accounts of the Federal Reserve System have never been audited. It operates outside the control of Congress and manipulates the credit of the United States.
Simply put, ObamaCare cost Americans jobs through uncertainty and now implementation threatens even more jobs. No wonder the majority of Americans continue to oppose it.
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