Paul Singer
Paul Singer
Paul Elliott Singeris an American hedge fund manager, activist investor, and philanthropist. His hedge fund, Elliott Management Corporation—specializes in distressed debt acquisitions.:301 Singer is also the founder and CEO of NML Capital Limited, a Cayman Islands-based offshore unit of Elliott Management Corporation. In 2015, Forbes rated Singer's net worth as $2.1 billion...
NationalityAmerican
ProfessionBusinessman
Date of Birth22 August 1944
CountryUnited States of America
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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.
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It is impossible to understand the financial health of big financial institutions and their potential impact on the market. They don't even understand it themselves.
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In government, the forces of risk-aversion and constant conflict serve to stultify and narrow the range of ideas up for debate.
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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.
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'Inequality' has become the political theme/slogan of our time in both Europe and the U.S., yet political leaders do not even bother to consider that their own policies, which put the entire burden on central bankers to print money and drive up stock, bond and other asset prices, are actually exacerbating income and wealth disparity.
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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.
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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.
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Opacity on extreme levels is not addressed anywhere, including Dodd-Frank.
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While many of Mr. Obama's ideas warrant skepticism, conservative opposition to any expanded role for government is a mistake.
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Today, even small entities that trade complex instruments or are granted sufficient leverage can threaten the global financial system.