Creating a regulatory system that reflects the modern-day realities of financial markets is not as difficult as it may appear. Paul Singer createdaydifficult Change image and share on social
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 encouragegovernmentlax Change image and share on social
The Orderly Liquidation Authority prescribed by Dodd-Frank should be repealed and replaced by an amendment to the U.S. Bankruptcy Code which would operate to prevent cross-default provisions from impacting derivatives books so long as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 amendmentauthoritybankruptcy share on social
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 aimassistanceauthorize Change image and share on social
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 creditinstrumentplanet Change image and share on social
A great deal of stupidity has chipped away at the massive advantages of Western civilization, which could terminally decline if it remains on the current path. But these problems can be solved - and swiftly - if the right leaders emerge. Paul Singer advantagechipcivilization share on social
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 arbitrarybadcreate share on social