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.

The current financial crisis in the US is likely to be judged in retrospect as the most wrenching since the end of the Second World War.

I cannot conceive of a politically feasible solution to this problem which will overdo cutting the deficit, where overdoing means harming the economy. It might be technically possible, but it is not realistic.

Gold, unlike all other commodities, is a currency...and the major thrust in the demand for gold is not for jewelry. It's not for anything other than an escape from what is perceived to be a fiat money system, paper money, that seems to be deteriorating.

Well, you probably will always believe there should be laws against fraud, and I don't think there is any need for a law against fraud.

All taxes are a drag on economic growth. It's only a question of degree.

I love to play tennis and golf, listen to music, watch baseball and root for the Redskins.