I believe that the general growth in large [financial] institutions have occurred in the context of an underlying structure of markets in which many of the larger risks are dramatically -- I should say, fully -- hedged.

Now, I only play very occasionally, and in fact, more piano than clarinet or sax.

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

If I've made myself clear, I've misspoken.

Rules cannot take the place of character.

I've been in and out of Wall Street since 1949, and I've never seen the type of animosity between government and Wall Street. And I'm not sure where it comes from, but I suspect it's got to do with a general schism in this society which is really becoming ever more destructive.

[Republicans] swapped principle for power. They ended up with neither. They deserved to lose.