Cherish your mistakes, and you won't keep making them over and over again. It's the same with heartbreaks and girls and everything else. Cherish them, and they'll put some wealth in you.
The Orderly Liquidation Authority prescribed by Dodd-Frank should be repealed and replaced by an amendment to the U.S. Bankruptcy Code which would operate to prevent cross-default provisions from impacting derivatives books so long as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.
When the wires are all down and your heart is covered with the snows of pessimism and the ice of cynicism, then, and only then, have you grown old.
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