Creating a regulatory system that reflects the modern-day realities of financial markets is not as difficult as it may appear. – Paul Singer
Credit ratings and risk weightings must undergo a thorough process of review and revision. No security or instrument on the planet should have a zero risk weighting. – Paul Singer
The starting point of my career in money management in 1973-74 was the time of the only true bear market any living non-Japanese investor has seen in major markets. Equities, real estate, you name it, everyone got run over. – Paul Singer
Today, even small entities that trade complex instruments or are granted sufficient leverage can threaten the global financial system. – Paul Singer
What would a loss of confidence in the dollar actually look like? Gold going absolutely nuts. – Paul Singer
The Orderly Liquidation Authority prescribed by Dodd-Frank should be repealed and replaced by an amendment to the U.S. Bankruptcy Code which would operate to prevent cross-default provisions from impacting derivatives books so long as mark-to-market payments are being made in a timely fashion. – Paul Singer
It’s true that monetary policy was too lax for too long, and the government encouraged lending to people who were unlikely to repay their loans. – Paul Singer
In the workplace, employees should be judged on their merit and hard work and not on aspects that are irrelevant to their performance. – Paul Singer
Given the typical fee structures of hedge funds, they need to do something different to make money in a consistent way. – Paul Singer
America is a place where the freedom to be who you are shouldn’t be a barrier to your ability to get a job and provide for your family. – Paul Singer
Governments need to be authorized to provide ‘open bank assistance.’ The convolutions of Dodd-Frank aimed at ‘avoiding’ this tactic are ludicrous and will prove to be extremely costly to the system. – Paul Singer
While many of Mr. Obama’s ideas warrant skepticism, conservative opposition to any expanded role for government is a mistake. – Paul Singer
Derivatives trading should be standardized and as much as possible moved to clearinghouses. – Paul Singer
Securing for gays and lesbians the basic right to have their relationships and families recognized as part of a community makes all of our communities stronger. – Paul Singer
It is a very bad idea for governments to create arbitrary and unfair outcomes, or outcomes resulting from the passions and whims of the government rather than from the law, just because they have the power to do so. – Paul Singer
In government, the forces of risk-aversion and constant conflict serve to stultify and narrow the range of ideas up for debate. – Paul Singer
If you want an alternative currency, check out gold. It has stood the test of thousands of years as a store of value and medium of exchange. – Paul Singer
There is no more reason to believe that Bitcoin will stand the test of time than that governments will protect the value of government-created money, although Bitcoin is newer, and we always look at babies with hope. – Paul Singer
The Congo is very wealthy from oil money but is not paying its debts and at the same time is applying for special status at the World Bank. That’s shocking and disingenuous. – Paul Singer
