Defaulted Quotes & Sayings

The notion that people rose up to meet a crisis was wrong. They defaulted to what they'd trained to do. — Terry Mixon

I trust you with my life. I'm pretty sure I love you. But more importantly, I like you. — Lynsay Sands

We'll continue to expand our footprint ... Oracle's Fusion cloud applications for HCM, CRM and ERP all have a new simplified user interface and an integrated social network that makes our enterprise applications as easy-to-use and familiar as Facebook, while enabling better collaboration and teamwork among your employees and your customers. — Larry Ellison

A credit default swap was confusing mainly because it wasn't really a swap at all. It was an insurance policy, typically on a corporate bond, with semiannual premium payments and a fixed term. For instance, you might pay $200,000 a year to buy a ten-year credit default swap on $100 million in General Electric bonds. The most you could lose was $2 million: $200,000 a year for ten years. The most you could make was $100 million, if General Electric defaulted on its debt any time in the next ten years and bondholders recovered nothing. It was a zero-sum bet: If you made $100 million, the guy who had sold you the credit default swap lost $100 million. It was also an asymmetric bet, like laying down money on a number in roulette. The most you could lose were the chips you put on the table; but if your number came up you made thirty, forty, even fifty times your money. — Michael Lewis

I have to smile. He's such a dork. But I'm starting to realize the one good thing that's happened: he's my dork. — Ally Carter

Millions of Americans were duped by the federal government and the Federal Reserve into buying homes they could not afford and failed to count the cost. When the financial crisis of 2008 hit, they could not keep up the monthly mortgage payments and defaulted. — Mark Skousen

Smart, sustainable, inclusive growth is the key to job-creation and the future prosperity of Europe. — Jose Manuel Barroso

Education is something that should not be organized on a for-profit basis, because in that case its purpose is not really to provide an education. It's not to teach students how to get better work, but how to provide banks with a free giveaway opportunity from the government, by making junk loans that are defaulted on. The effect may be to wreck the futures of the graduates that fall for the false promises that are being made. — Michael Hudson

If a guy treats me respectfully and the waiter demeaningly, I'm turned off. — Moran Atias

By the time most people file for bankruptcy, their credit is already trashed, they have a high debt-to-income ratio - a key indicator lenders look at - and they've likely defaulted on more than a few accounts. — Jean Chatzky

When fear is the disease, faith and confidences are the medicine. — Debasish Mridha

China tennis - we're getting bigger and bigger. — Li Na

In the 1970s, New York City defaulted on its debt, and yes, the consequences were painful. Enrollment plummeted at City University campuses, which until then had offered free education. Seven thousand police officers were laid off. Crime skyrocketed. Services for the poor disappeared. — Charles Duhigg

The Greek debt issue, for example, is such a threat because if that country ever defaulted, it might cause some bank that's 'too big to fail' to actually fail. — Jerry A. Webman

THERE WERE four of them in the fire-team, and because shouting out things like, "FN-twenty-one eighty-seven, watch your back!" was a mouthful, especially when the blaster fire was searing the air around them, they'd defaulted to shorter versions. — Greg Rucka

I had been reading about [John] Calvin for years and had been studying the English Renaissance for many more years, and it had never occurred to me to think of them together. I learned that Calvin was the most widely read writer in England in Shakespeare's lifetime. He was translated and published in many editions. — Marilynne Robinson

The big fear of the 1980s mortgage bond investor was that he would be repaid too quickly, not that he would fail to be repaid at all. The pool of loans underlying the mortgage bond conformed to the standards, in their size and the credit quality of the borrowers, set by one of several government agencies: Freddie Mac, Fannie Mae, and Ginnie Mae. The loans carried, in effect, government guarantees; if the homeowners defaulted, the government paid off their debts. — Michael Lewis

For more than a century, people have often thought that the conclusion to draw from Darwin's vision is that Homo sapiens, our species - and we're just animals too, we're just mammals - that there is nothing morally special about us. I myself don't think this follows at all from Darwin's vision, but it is certainly the received view in many quarters. — Daniel Dennett

You know a relationship has deteriorated past the point of salvage when one person detests another's gestures. — Josephine Humphreys

LTCM is now a classic case of "fat tails" in finance. Portfolio math mimics diffusion physics - a scattergram of the outcomes from trillions of small random movements maps smoothly onto a bell curve. In well-behaved markets, finance looks much the same. But markets are rarely well-behaved for long, and big deviations from the norm happen very frequently in finance - the finance bell curve, that is, has fat tails. When Russia defaulted on its sovereign bonds in 1998, it was a fat tail for LTCM, and it was on the wrong side of the trade, with very heavy leverage. — Charles R. Morris

Language is butchered by the media — Don Watson

He didn't worry about how screwed-up the market for some security became because he knew that eventually it would be disciplined by logic: Businesses either thrived or failed. Loans either were paid off or were defaulted upon. — Michael Lewis

I think as an American society, when we're paying too many taxes or dealing with war, we don't want to see sad things at the movies. — Zoe Saldana

To use a telling phrase of the Reverend Martin Luther King, we can say that we have defaulted on a promissory note and now is the time to honor it. — Pope Francis

Bringing an 'emerging market' under the aegis of the British Empire was the surest way to remove political risk from investors' concerns.51 Even those outside the Empire risked a visit from a gunboat if they defaulted, as Venezuela discovered in 1902, when a joint naval expedition by Britain, Germany and Italy temporarily blockaded the country's ports. The United States was especially energetic (and effective) in protecting bondholders' interests in Central America and the Caribbean.52 — Niall Ferguson

We need to have a modicum of faith in people's common sense, creativity and will to survive and prosper even in the face of great difficulties and obstacles. If people could keep society running in the aftermath of the Black Death, they could keep it running after the U.S. government defaulted on its debt. — Robert Higgs

LTCM lost money when Russia defaulted on a certain class of bonds, and then they had other investments like on the spread between two different kinds of shares of Royal Dutch Shell Oil Company. Now that seems completely unrelated to Russian bonds. But they were related because other hedge funds saw similar discrepancies and they were all making similar bets. — Richard Thaler

When she was this wild, he was a monster for her. He bruised her, took her blows, and fought to give her the pleasure she made him earn. — Debra Anastasia

Sure, we thought the acres
That we tilled were sacred,
But how could we have known
That wheat can haunt like ghosts — Sherman Alexie

I think the discipline comes with turning that cellphone and Blackberry off and unplugging completely. You do that and you go through some withdrawals in the beginning. You start thinking, 'Oh, do I need to do this? Do I need to do that?' You forget that we were doing just fine with the payphone. — Matthew McConaughey

The ultimate test is always your own serenity. If you don't have this when you start and maintain it while you're working you're likely to build our personal problems right into the machine.
The machine responds to your personality. It's just that the personality that it responds to is your real personality, the one that genuinely feels and reasons and acts, rather than any false, blown up personality images your ego may conjure up. These false images are defaulted so rapidly and completely you're bound to be very discouraged very soon if you've derived your gumption from ego rather than Quality.
The real machine you're working on is a cycle called yourself. The machine that appears to be out there and the person that appears to be in here are not 2 separate things. They grow toward Quality or fall away from Quality together. — Robert M. Pirsig

Oh my God, no, no chance, no chance. That [kissing her co-stars]s not in my contract! — Emma Watson

Well what would happen is that if Greece defaulted and couldn't pay its debts, all the Greek bonds that are held in other banking systems across Western Europe would suddenly have no value. You could as a knock-on effect create a banking crisis in Western Europe. — John Major