Any informed borrower is simply less vulnerable to fraud and abuse.

Corruption, embezzlement, fraud, these are all characteristics which exist everywhere. It is regrettably the way human nature functions, whether we like it or not. What successful economies do is keep it to a minimum. No one has ever eliminated any of that stuff.

If I say something which you understand fully in this regard, I probably made a mistake.

The arts develop skills and habits of mind that are important for workers in the new economy of ideas.

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've always argued that this country has benefited immensely from the fact that we draw people from all over the world.

I'm not denying that monopolies are terrible things, but I am denying that it is readily easy to resolve them through legislation of that nature.