Believe Quote by Blythe Masters
“I do believe CDSs [credit default swaps] have been miscast, much as poor workmen tend to blame their tools.”
About This Quote
Source Speech: Financial conference, 2018
Credit default swaps are often blamed for crises, but tools themselves are neutral; misuse causes problems.
In simple terms: Tools are neutral, misuse causes harm.
Focus on responsible use, not blame.
Themes
Mood
Type
When to use this quote
- investment decisions
- regulatory policy
- risk assessment
Key Concepts
Questions to Reflect On
- Are you blaming tools or underlying causes?
- How can we improve oversight?
Blaming tools can distract from underlying systemic flaws.