What we have found over the years in the marketplace is that derivatives have been an extraordinarily useful vehicle to transfer risk from those who shouldn't be taking it to those who are willing to and are capable of doing so.

History has not dealt kindly with the aftermath of protracted periods of low risk premiums.

The guiding purpose of the government regulator is to prevent rather than to create something.

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

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

Significantly opening up immigration to skilled workers solves two problems. The companies could hire the educated workers they need. And those workers would compete with high-income people, driving more income equality.

I have found no greater satisfaction than achieving success through honest dealing and strict adherence to the view that, for you to gain, those you deal with should gain as well.