Katani Mongrels Quotes & Sayings

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

Montaigne says somewhere that in early youth the joy of life lies in the feet. — Willa Cather

The goal of the EU is to form a region of freedom, security and justice. Freedom in this connection cannot be just the freedom of the strong, but it must be combined with fraternity and equality. — Tarja Halonen

Most old cities are now sclerotic machines that dispense known qualities in ever-greater quantities, instead of laboratories of the uncertain. Only the skyscraper offers business the wide-open spaces of a man-made Wild West, a frontier in the sky. — Rem Koolhaas

Personally, I want to die in dignity but my passing celebrated jollity. I've told my executors that I want a stand up comedian in the pulpit telling amusing anecdotes, and the coffin to slide into the incinerator to the sound of Marlene Dietrich. If the booze up can begin right away, so much the better, and with a bit of luck the crematorium will never be gloomy again. Anyone mourning should be denounced as the representative of a credit card company and thrown out on their ear. Snowballs if in season (tomatoes if not) can be thrown at anyone uttering even worthy cliches like "the struggle goes on" and should anyone be prepared to dodge pieces of concrete confrontation.
If I have miscalculated, as a worthy clerical friend assures me I have, and there really is a God, I'd like to feel if he's got any sense of humor or feeling for humanity there's nobody he would sooner have in heaven than people like me, and if he hasn't, who wants in? — Albert Meltzer