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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.
Michael Lewis (author)
What I am against is false optimism: the notion either that things have to go well, or else that they tend to, or else that the default condition of historical trajectories is characteristically beneficial in the long-run.
Tony Judt
The amazing part of the great Danish cartoon caper isn't that Muslims immediately engage in acts of mob violence when things don't go their way. That is de rigueur for the Religion of Peace. Their immediate response to all bad news is mass violence. That's a "dog bites man" story and belongs on page B-34, next to the grade school hot lunch menu and the birth notices. After an Egyptian ferry capsized recently, killing hundreds of passengers, a whole braying mob of passengers' relatives staged an organized attack on the company, throwing furniture out the window and burning the building to the ground. Witnesses say it was the most violent ocean liner-related incident since Carnival Cruise Lines fired Kathie Lee Gifford. The "offense to Islam" ruse is merely an excuse for Muslims to revert to their default mode: rioting and setting things on fire.
Ann Coulter
That is real freedom. That is being educated, and understanding how to think. The alternative is unconsciousness, the default setting, the rat race, the constant gnawing sense of having had, and lost, some infinite thing.
David Foster Wallace
And I submit that this is what the real, no-shit value of your liberal arts education is supposed to be about. How to keep from going through your comfortable, prosperous, respectable adult life dead, unconscious, a slave to your head and to your natural default setting of being uniquely, completely, imperially alone, day in and day out.
David Foster Wallace
In most of history, societies have not been free. It's a very rare society that is free. The default condition of human societies is tyranny.
Michael Novak
The bottom line is that civil society simply cannot function without default to truth...I can't converse with you, for instance, if I subject every statement that comes out of your mouth to critical scrutiny before I accept it as true. Conversation cannot proceed without default to truth.
Malcolm Gladwell
Her friends have become who they've become by default. Their dreams are forgotten, or were never formulated to begin with.
Douglas Coupland
But while, to the immigrant, entry to this country was admission to privileges and opportunities eagerly sought, the impact upon the existing population was very different. For reasons which they could not comprehend, and in pursuance of a decision by default, on which they were never consulted, they found themselves made strangers in their own country.
Enoch Powell
You win some, you lose some. And when you lose, you have to pull yourself together and go back for more. Otherwise, the other side wins by default.
Charles Stross
I generally try to avoid funerals: they make me angry. I know the purpose of a funeral is to provide comfort and a sense of closure for the bereaved; and I agree, in principle, that this is generally a good thing. But the default package usually comes with a priest, and when they start driveling on about how Uncle Fred (who died aged sixty-two of a hideous brain tumor) is safe in the ever-loving arms of Jesus, the effect it has on me is not to make me love my creator: it's to wish I could punch him in the face repeatedly.
Charles Stross
These people are fascinated by me, but I haven't done anything. I'm famous by default. I came out of the womb and people wanted to know who I was because of my parents. If you're a big Nirvana fan, a big Hole fan, then I understand why you would want to get to know me, but I'm not my parents. People need to wait until I've done something valid with my life.
Frances Bean Cobain
I'm famous by default. I came out of the womb, and people wanted to know who I was because of my parents.
Frances Bean Cobain
Freedom and liberty lose out by default because good people are not vigilant.
Desmond Tutu
Why is it after a century of socialist disasters, and an intellectual legacy that has been time and again exploded, the left-wing position remains, as it were, the default position to which thinking people gravitate when called upon for a comprehensive philosophy? Why are "right-wingers” marginalised in the educational system, denounced in the media and regarded by our political class as untouchable, fit only to clean up after the orgies of luxurious nonsense indulged in by their moral superiors?
Roger Scruton
We fought that last war to make the world safe for democracy, and we did - for a while. The thing they forget is that liberty and freedom and democracy are so very precious that you do not fight to win them once - and then stop. Liberty and freedom and democracy are prizes awarded only to those peoples who fight to win them, and then keep fighting eternally to hold them. By our victory in the last war, we won a lease on liberty, not a deed to it. Now, after 23 years, Adolf Hitler tells us that lease is expiring, and after the manner of all leases, we have the privilege of renewing it, or letting it go by default.
Alvin York
Nobody wants to put the creditworthiness of the United States in jeopardy. Nobody wants to see the United States default. So we've got to seize this moment, and we have to seize it soon.
Barack Obama
So remember, if you're feeling bitter - or sorry for yourself about what you've done, and how much good you've accomplished - or if you find yourself more than anyone else talking about the good you've done, you're doing it for the wrong reasons, because it should be the default.
Ysabella Brave
I can tell you, and tell you now, that I am prepared to veto any bill that has as its purpose a Federal bailout of New York City to prevent a default.... It encourages the continuation of "politics as usual" in New York, which is precisely not the way to solve the problem.
Gerald Ford
This country now possesses the strongest credit in the world. The full consequences of a default or even the serious prospect of default by the United States are impossible to predict and awesome to contemplate. Denigration of the full faith and credit of the United States would have substantial effects on the domestic financial markets and on the value of the dollar in exchange markets. The Nation can ill afford to allow such a result. The risks, the cost, the disruptions, and the incalculable damage lead me to but one conclusion: the Senate must pass this legislation before the Congress adjourns.
Ronald Reagan
As far as I am concerned, ambition is the most dangerous occupation in the world. I have never been ambitious, or if I have, it's only been by default.
Marco Pierre White
I feel like too many horror writers and filmmakers sort of just assume that the default is, 'The horror movie must be all atmosphere first and everything else second.'
Paul G. Tremblay
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