We need, in effect, to make the phantom 'lock-boxes' around the trust fund real.

By far the most significant event in finance during the past decade has been the extraordinary development and expansion of financial derivatives.

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

Remember what we're looking at. Gold is a currency. It is still, by all evidence, a premier currency, that no fiat currency, including the dollar, can match.

Regulation of derivatives transactions that are privately negotiated by professionals is unnecessary.

I do not deny that many appear to have succeeded in a material way by cutting corners and by manipulating associates, both in their professional and in their personal lives. But material success is possible in this world and far more satisfying when it comes without exploiting others.

We are in the midst of a once-in-a-century credit tsunami. Central banks and governments are being required to take unprecedented measures. Those of us who have looked to the self-interest of lending institutions to protect shareholders' equity are in a state of shocked disbelief.