Credit Default Swap/uses

Famous quotes containing the words credit, default and/or swap:

    Gratitude among friends is like credit among tradesmen: it keeps business up, and maintains commerce. And we pay not because it is just to discharge our debts, but that we might the more easily find lenders on another occasion.
    François, Duc De La Rochefoucauld (1613–1680)

    In default of inexhaustible happiness, eternal suffering would at least give us a destiny. But we do not even have that consolation, and our worst agonies come to an end one day.
    Albert Camus (1913–1960)

    If we should swap a good library for a second-rate stump speech and not ask for boot, it would be thoroughly in tune with our hearts. For deep within each of us lies politics. It is our football, baseball, and tennis rolled into one. We enjoy it; we will hitch up and drive for miles in order to hear and applaud the vitriolic phrases of a candidate we have already reckoned we’ll vote against.
    —Federal Writers’ Project Of The Wor, U.S. public relief program (1935-1943)