When trust is lost, a nation's ability to transact business is palpably undermined.

I guess I should warn you, if I turn out to be particularly clear, you've probably misunderstood what I've said.

And whatever their publicized angst over Saddam Hussein's 'weapons of mass destruction,' American and British authorities were also concerned about violence in an area that harbors a resource indispensable for the functioning of the word economy. I am saddened that it is politically inconvenient to acknowledge what everyone knows: the Iraq war is largely about oil.

...our market system depends critically on trust-trust in the word of our colleagues and trust in the word of those with whom we do business.

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

History demonstrates that participants in financial markets are susceptible to waves of optimism. Excessive optimism shows the seeds of its own reversal in the form of imbalances that tend to grow over time.

If prices go down, we will have problems - problems in the sense of spillover to other areas.