It is decidedly not true that "nice guys finish last," as that highly original American baseball philosopher, Leo Durocher, was alleged to have said.

The use of a growing array of derivatives and the related application of more-sophisticated approaches to measuring and managing risk are key factors underpinning the greater resilience of our largest financial institutions... Derivatives have permitted the unbundling of financial risks.

I'm a better economist than I was a sax player.

I must say, I never expected to see the day where I would be talking about anything other than reducing the debt, I'm running into the tyranny of zero, which is where you can't reduce (the debt) any more

We will have more crises and none of them will look like this because no two crises have anything in common except human nature.

I am saddened that it is politically inconvenient to acknowledge what everyone knows: the Iraq war is largely about oil.

Without calling the overall national issue a bubble, it's pretty clear that it's an unsustainable underlying pattern.