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"I think CDS desensitise lenders/arrangers to credit risk. It's like having a quickie divorce available after a drunken wedding in Las Vegas. Debt should be like a marriage with each party knowing it is to a large extent binding. Without the quickie "out" that CDS offer, credit risk would have been respected more and less credit would have been extended."
By Stuttgart88 on Credit derivatives deserve a revival but only if financiers grow up
"'Voters are, quite rationally, rather ignorant about politics.' Well, indeed. Which is why I always feel slightly uncomfortable when people accuse our representatives of being 'career politicians'. Since governing a developed country is a challenging job, who'd want an amateur politician?"
By Olaf von Rein on Why democratic elections are always flawed